VFD Group Plc has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP), reinforcing the group’s liquidity and commitment to disciplined balance sheet management. The CP, part of the company’s N20 billion commercial paper programme, matured on November 14, 2025.

Mr. Folajimi Adeleye, Executive Director of Finance & Investor Relations, stated that the redemption demonstrates VFD’s ability to generate internal liquidity and meet obligations despite domestic market volatility. It also underscores the group’s strong credit rating and credibility in the Nigerian debt market.

The redemption is part of VFD’s track record of five consecutive, flawless CP settlements since the programme began in 2022, with a total of N33.4 billion raised and redeemed to date. This highlights investor confidence in VFD as a reliable issuer in Nigeria’s fixed-income market.

The successful redemption also strengthens the company ahead of its ongoing N50 billion rights issue, offering 5 billion ordinary shares at N10 per share, scheduled to close on November 24, 2025. Adeleye noted that the group’s disciplined approach enhances shareholder confidence and provides a solid platform for growth initiatives, including the expansion of the Bvndle Loyalty Platform.

VFD’s move reflects its strategic commitment to financial stability, efficient capital management, and resilience, positioning the group as a leading player in the African investment ecosystem.