FairMoney Microfinance Bank Redeems N5.86bn Commercial Paper
MyCredit Investments Limited, which owns FairMoney Microfinance Bank, has announced the successful redemption of its N5.86 billion Series Six Commercial Paper, part of its N10 billion Commercial Paper Issuance Programme. The total amount repaid to investors was N5,860,319,000, demonstrating the company's commitment to fulfilling its financial obligations.
Henry Obiekea, the Managing Director of FairMoney Nigeria, stated that meeting commitments to investors is essential for building and maintaining trust. He highlighted that the full redemption of the Series Six Commercial Paper reflects the company's dedication to responsible financial management.
Obiekea also expressed gratitude for the confidence investors have in FairMoney and their ongoing support as the company aims to expand access to financial services across Nigeria. Additionally, he thanked the FMDQ for providing a robust platform for institutions like FairMoney to access the Nigerian Debt Capital Markets.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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