VFD Group PLC Redeems N12.8bn Commercial Papers, Strengthens Liquidity and Credibility
VFD Group PLC, a fast-growing investment firm in Nigeria, announced the successful redemption of its N12.83 billion Series 5 Commercial Papers under its N20 billion Commercial Paper program. The redemption, executed on the maturity date of November 14, 2025, reinforces the group's strong liquidity and efficient balance sheet management.
Folajimi Adeley, the Executive Director of Finance and Investor Relations at VFD Group, highlighted the company's robust liquidity commitment and improved fund structure performance. This action aims to reduce short-term debt obligations and enhance the firm's resilience in the current market environment.
VFD Group's ongoing N50 billion rights issue further signifies its commitment to efficient capital structure.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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