After raising about N25 billion from its Series 1 & 2 Commercial Paper (CP) issuance in May, Africa’s largest electrical wires and cable maker Coleman Technical Industries Limited has returned to the market, targeting to raise N50billion this time from Series 3 & 4 CP issuance.
The Series 3 & 4 CP issuance, which is under its N100 billion Commercial Paper programme will close on Wednesday July 2, 2025. The CP issuance opened on Thursday June 26.
Commercial papers (CPs), long favoured by large corporations and institutional investors, are now gaining traction in Nigeria and other emerging markets as savvy individuals and businesses seek more effective ways to manage idle cash.
