DLM Capital Group Targets N10 Billion in Commercial Papers Issuance for Short-Term Capital Needs
DLM Capital Group is targeting N10 billion through the issuance of Series 2 Commercial Papers to bolster its short-term working capital requirements. The issuance, which commenced on October 10 and is set to close on October 20, 2026, has a maturity date of July 17, 2026.
The company, with a strong repayment track record, has previously raised N10.48 billion through Series 1 Commercial Papers. DLM Capital Group comprises seven operational subsidiaries regulated by the SEC and CBN.
Additionally, the company has acquired stakes in various entities, including Recyclan Global Services and Velox Payment Limited, which is licensed for financial transactions. Recently, the company launched a mobile application catering to the Nigerian diaspora in Canada.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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