Neveah debuts N10bn commercial paper

Neveah Limited, an exporter of agro-commodities and solid minerals company, has announced the redemption of its N2.7 billion Series 1 Commercial Paper under its debut N10 billion Commercial Paper. The announcement was contained in a statement the commodities exporting company released. According to the report: “The Series 1 CP had a tenor of 180 days […]

Neveah Limited, an exporter of agro-commodities and solid minerals company, has announced the redemption of its N2.7 billion Series 1 Commercial Paper under its debut N10 billion Commercial Paper.

The announcement was contained in a statement the commodities exporting company released.

According to the report: “The Series 1 CP had a tenor of 180 days and matured on the 24th of May 2022. Institutional investors, majorly asset and fund managers subscribed to the issue.

“This redemption evidences Neveah’s commitment to fulfilling its obligations while optimally utilising proceeds for its short-term working capital needs.”