Zeenab Foods' Commercial Paper Oversubscribed by 154%, Demonstrating Strong Investor Confidence

Zeenab Foods Limited's successful oversubscription of its N25.4 billion commercial paper issuance under a new N50 billion program demonstrates investor confidence in the company's creditworthiness. The company's previous N20 billion program was fully redeemed ahead of schedule, showcasing commitment to performance.

Dr. Ayemer O. Victor, the Managing Director, expressed gratitude to stakeholders for their support. Pathway Advisors Limited, AIICO (NGX: AIICO) Capital Limited, FSDH Capital Limited, Rand Merchant Bank Limited, and Boston Advisory Limited were key contributors to the transaction's success.