Johnvent Industries Raises N30bn in Commercial Paper Issuance

Johnvent Industries Limited has raised N30 billion as part of its N100 billion commercial paper program, with the issuance facilitated by Regius Capital Limited. This transaction, which is structured into three tranches with tenors of 181 days, 269 days, and 364 days, offers yields of 22.0%, 23.0%, and 24.5% per annum, respectively.

The issuance was fully subscribed within the offer window, indicating strong demand from qualified investors despite a tight liquidity environment. The program is rated 'BBB' by Agusto & Co and 'BBB' by GCR, reflecting Johnvent's credit strength and repayment capacity.

Regius Capital Limited's role in this transaction marks a strategic milestone as it has recently been granted an operational license to act as a dealer in the Nigerian debt capital market. This issuance is expected to bolster Johnvent's short-term liquidity and strengthen investor confidence in the agricultural sector, where the company operates, particularly in cocoa processing and commodity trading.