Addosser MFB Redeems N3.9bn Commercial Paper, Boosts Investor Confidence
Addosser Microfinance Bank has redeemed its N3.9 billion Series 1 commercial paper that matured on February 6, 2026. The commercial paper was issued under a N10 billion program listed on the FMDQ Securities Exchange.
The high subscription rate of 150% indicates strong investor confidence in the bank's governance framework and financial capacity. The successful redemption reflects the bank's robust financial capacity, disciplined growth approach, and readiness to leverage its national microfinance bank license for expansion.
The bank's Managing Director, Mr. Adebayo Fabiyi, highlighted the importance of the commercial paper program in providing flexible funding to support lending activities and enhance the bank's digital banking platform.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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