commercialpaper

NEVEAH LIMITED RAISES N25.51BN THROUGH SERIES 1-15 COMMERCIAL PAPERS Detailed Breakdown: Neveah Limited, a Nigerian commodity trading company, has raised N25.51 billion through a series of 1-15 commercial paper (CP) issuances. These funds will be used to meet the company’s working capital...

TGI FOODS SPV LAUNCHES N25BN COMMERCIAL PAPERS Summary: TGI SPV Plc, a special purpose vehicle (SPV) established by Tropical General Investments (TGI) Group, has launched N25 billion worth of Series 1 and Series 2 Commercial Papers (CPs). This issuance is part of a larger three-year, N100...

Hi Everyone. Last week, we started a conversation on commercial papers and we defined what it is, how it works and how to plug into it. Today, we continue by looking at tax implications and other vital information. Shall we? TAX IMPLICATIONS FOR INVESTORS Investors in commercial paper benefit...

COMMERCIAL PAPERS 101: AN INVESTOR'S GUIDE What is Commercial Paper? Commercial paper is an unsecured, short-term debt instrument issued by corporations to raise funds for a specified period, usually ranging from 15 days to 270days. These papers serve as a cost-effective alternative to...

CHRISLAND SCHOOLS TO ISSUE N2 BILLION IN COMMERCIAL PAPER AT 30% INTEREST RATE Chrisland Schools Limited has launched a N2 billion commercial paper issuance under its N8 billion programme. The offer, which opened on May 27, 2024, will close on June 5, 2024. Tranche A, with a 180-day term, is...