Moneda Investment Limited Secures N6bn in CP Issuance

Moneda Investment Limited successfully closed its N5 billion Series 1 Commercial Paper (CP) issuance at N6 billion, achieving 120% subscription under its N30 billion CP programme. This marks the first issuance under the programme and a significant milestone in Moneda's efforts to access institutional capital for financing opportunities in African natural resource value chains.

Group Chief Executive Officer Ejike Egbuagu expressed the importance of market acceptance for their unconventional business model. Chief Financial Officer Emeka Anazodo noted that this issuance allows Moneda to approach the market directly, expanding accountability to a broader investing public.

The transaction was oversubscribed by 20%, indicating strong investor confidence. Group Managing Director of MCL, Ebi Enaholo, highlighted the team's resilience throughout the process, suggesting a solid foundation for future issuances.

The Series 1 close is part of Moneda's strategy to mobilize capital for businesses that enhance value from Africa's natural resources.