O3 Capital Redeems Series 1 CP Under N5bn Programme

O3 Capital Nigeria Limited (O3 Capital), has announced a milestone maturity and successful redemption of its Series 1 Commercial Paper (CP) under its N5bIlion Commercial Paper Programme. O3 Capital Nigeria Limited’s core business is the issuance of Credit and Prepaid Cards to individuals, SMEs, and corporate customers.  

According to a statement, the N100million 91-day Series 1 Commercial Paper, initially issued and listed on the FMDQ Securities Exchange on March 27, 2023, has successfully matured on June 26, 2023. We have diligently adhered to the relevant regulations and duly informed the FMDQ Securities Exchange about the completion of the repayment.

Regarding the successful redemption of the N100m 91-days Series 1 Commercial Paper, Chief Executive Officer, of O3 Capital Nigeria Limited, Mr. Abimbola Pinheiro, said,

“We take great pride in successfully fulfilling our commitment to fully repay all the investors in the Series 1 issuance, especially considering that this marks our initial involvement in the Nigerian debt capital market. We extend our sincere appreciation to all the qualified institutional investors who participated in the CP round and assure them of our continued reliability as a counterparty in the long run.”

Additionally, he expressed, “The CP redemption exemplifies O3 Capital’s capacity to fulfill its financial responsibilities promptly. We have strategic plans to actively engage in the commercial paper market in the future.”