A leading leading food processing and agro-commodity trading company in Nigeria, Zeenab Foods Limited has successfully raised N10.22 billion through its Series 4 Commercial Paper Issuance under its N20 billion Commercial Paper Programme.
The offer, which was initially set at N10billion was oversubscribed due to strong investor demand. The series 4 CP, with a 270-day tenor, offered a yield of 26.50 per cent attracting a diverse range of investors.
The strong investors’ demand for the CP not only illustrates the robust confidence of the market in Zeenab Foods Limited but also underscores the company’s unwavering commitment to excellence and growth.
