Dufil prima opens n30bn commercial paper program

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DFI Prima Opens N30bn Commercial Paper Program

DFI Prima, a leading player in the Nigerian financial services industry, has announced the launch of a N30 billion Commercial Paper (CP) program. This program is designed to provide short-term funding to the company, enabling it to meet its working capital requirements and support its growth initiatives.

Key Features of the Program

The N30 billion CP program is a 364-day program, with a tenor of 364 days. The program is expected to be fully subscribed, with the company targeting a mix of local and international investors. The CPs will be listed on the Nigerian Stock Exchange (NSE) to provide liquidity and transparency.

Benefits to Investors

The CP program offers attractive yields to investors, with the company offering a competitive interest rate of 15% per annum. The program also provides a low-risk investment opportunity, as CPs are backed by the company's assets and are fully collateralized.

Growth Strategy

The proceeds from the CP program will be used to support DFI Prima's growth strategy, which focuses on expanding its presence in the Nigerian financial services market. The company plans to use the funds to enhance its lending capacity, improve its risk management capabilities, and invest in technology to improve its operational efficiency.

Conclusion

The launch of the N30 billion CP program by DFI Prima is a significant development in the Nigerian financial services industry. The program provides a unique investment opportunity for local and international investors, while also supporting the company's growth strategy.