Moneda Investment Limited has closed its N5 billion Series 1 Commercial Paper issuance at N6 billion, achieving 120% subscription under its N30 billion CP programme. The successful close marks the first issuance under the programme and is a milestone in Moneda's efforts to access institutional capital and finance opportunities across African natural resource value chains. The transaction attracted demand above the initial target. Group CEO Ejike Egbuagu commented on the market's acceptance of the company's unconventional African-focused business.
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