Pathway Advisors Launches N25bn CP for Zeenab Foods

Pathway Advisors Limited has announced the launch of Zeenab Foods Limited’s Series 3 Commercial Paper (CP) issuance, valued at up to N25 billion, as part of a broader N50 billion Commercial Paper Programme. The subscription window is open from August 4, 2026, to August 10, 2026, with the issue and settlement scheduled for August 11, 2026, and maturity on August 10, 2027.

The proceeds will be utilized for working capital financing to support Zeenab Foods' short-term funding requirements in agro-processing and commodity trading. Established in 2011, Zeenab Foods operates in three segments: milling of paddy rice, export of processed agro-commodities, and food supply contracts with international agencies, including the United Nations World Food Programme.

Pathway Advisors serves as Lead Arranger and Issuing House for this issuance, which has a minimum participation of ₦5 million. Zeenab Foods has received investment-grade ratings from Agusto & Co. and DataPro Limited, reflecting its strong repayment history and investor confidence.