Valency Agro Raises N13 Billion in Commercial Paper Issuance, Boosting Agricultural Sector Confidence

Valency Agro Nigeria Limited has raised N13 billion through series 13 & 14 commercial paper issuance, reflecting strong investor confidence in the company's growth prospects and the Nigerian agricultural sector. The oversubscribed issuance is part of a larger N40 billion commercial paper program, demonstrating Valency's operational resilience and disciplined capital management.

Trilochan Ojha, the country head of Valency Agro Nigeria, emphasized the success of the issuance as a defining moment for the company. Amit Bose, the CFO of Africa at Valency Agro Nigeria, highlighted the strong endorsement from institutional investors, signaling financial strength and strategic foresight in seizing market opportunities.

The funds raised will support the company's expansion of agro-processing facilities and strengthen supply chain infrastructure, benefiting smallholder farmers and enhancing export capabilities.