RusselSmith Repays N3bn Commercial Paper, Delivers Investor Returns
RusselSmith Nigeria Limited, a key player in Nigeria's industrial sector, has announced the full repayment of its N3 billion Series 1 Commercial Paper program, delivering returns to investors within the stipulated timeline. The oversubscribed program marks a significant milestone in RusselSmith's capital market journey, highlighting the company's financial discipline and strong operational performance.
CEO Kayode Adeleke expressed delight in fulfilling obligations to investors, reinforcing the company's reputation as a dependable issuer in Nigeria's debt capital market. This success underscores RusselSmith's robust business model across various sectors, including oil and gas services, advanced manufacturing, defense technology, maritime solutions, and aerospace engineering.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Legend Internet PLC's N10bn Commercial Paper Oversubscribed by 119.7%
Champion Breweries Redeems N4.21bn Commercial Paper, Demonstrates Financial Discipline
Nigeria's Capital Market Records Over N753bn Commercial Paper Issuances in 6 Months
NASD Plc Lists Jilna Nigeria's N3bn Commercial Paper for Market Leadership
Skymark Partners Raises N6.02bn in Commercial Paper Issuance
VFD Group PLC Redeems N12.8bn Commercial Paper, Demonstrates Market Commitment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
