Legend Internet PLC's N10bn Commercial Paper Oversubscribed by 119.7%

Legend Internet PLC (NGX: LEGENDINT) successfully completed its N10bn Series 1 Commercial Paper issuance, exceeding its target with a 119.7% subscription rate. The oversubscription reflects investor confidence in the company's financial stability and growth plans, particularly in expanding its broadband infrastructure nationwide.

Aisha Abdulaz, the Chief Executive Officer of Legend Internet PLC, highlighted the milestone as a testament to the market's belief in the company's long-term vision for digital infrastructure development in Nigeria.