Fast Credit Finance Achieves Successful ₦5 Billion Commercial Paper Payout, Affirming Investor Trust in Nigerian Fintech
Fast Credit Finance Company Limited, a recognized leader in financial technology offering innovative investment and lending solutions across Nigeria, is delighted to confirm the full and successful payout to investors for its Series 5 and Series 6 Commercial Paper Issuances. This significant redemption, totaling a remarkable ₦5 billion under its established Commercial Paper Programme, powerfully demonstrates the company’s robust financial position, impeccable market credibility, and an unwavering commitment to consistently delivering attractive returns to its investor base. This achievement not only strengthens Fast Credit Finance’s standing as a reliable financial partner but also plays a crucial role in advancing financial inclusion and fostering innovation within Nigeria’s rapidly evolving financial ecosystem.
Commercial Paper Issuance Details and Full Repayment
The successfully redeemed issuances comprised two distinct series. Series 5 was structured with a 180-day tenor, carrying a substantial face value of ₦3,483,185,000. Following closely, Series 6 featured a 270-day tenor with a face value of ₦1,516,815,000, bringing the total to ₦5 billion. Both the Series 5 and Series 6 Commercial Papers matured precisely as scheduled, after their respective 180 and 270-day periods. Fast Credit Finance ensured that all investors received their full principal investment alongside the accrued yields, marking a complete and timely repayment. This accomplishment further validates the company’s integrity and its operational strength, highlighting its effective treasury management and dedication to investor confidence within the dynamic African tech finance sector.
This pivotal milestone firmly solidifies Fast Credit Finance’s reputation as a secure and reliable investment partner in the Nigerian fintech landscape. The successful management and repayment of this ₦5 billion commercial paper issuance underscore the company’s commitment to excellent corporate governance and transparent investor relations. As Fast Credit Finance continues to pioneer cutting-edge financial solutions, this achievement reinforces its position as a trustworthy and impactful player, consistently delivering on its promises and contributing significantly to the nation’s financial growth and technological advancement.
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