DLM Capital redeems N572m Series 5 Commercial Paper

DLM Capital Group has announced the maturity and successful redemption of its N572 million Series 5 Commercial Paper Issue, bringing the total redemption to over N4 billion under its N20 billion Commercial Paper Issuance Programme.

A statement by DLM Capital Group quoted Sonnie Babatunde Ayere, GCEO, as saying that the Group is pleased to repay this trust and redeem all its issues at their maturities while looking to further strengthen the relationship with its investors as a responsible and dynamic issuer.

DLM Capital had last week redeemed the N3.52 billion commercial paper issued to Pension Fund Administrators (PFAs), asset managers, insurance companies and banks.

The firm had issued N1.24 billion Series 1, N1.01 billion Series 2 and N1.27 billion Series 3 commercial paper issues. They were sold under the company’s N20 billion commercial paper issuance programme.

DLM Capital Group is a development investment Bmbank that provides innovative solutions to economic and social developmental challenges that impact the everyday lives of people. The company comprises retail banking via its digital banking channel Sofri, consumer & mid-corporate lending, asset management, corporate finance advisory, trustees, securities trading, and foreign exchange.

Since its inception, the institution has concentrated on creating markets, products, and long-term financing solutions to key sectors of the Nigerian economy that would benefit end customers to improve their well-being.