VFD Group Plc has once again demonstrated its reputation for financial discipline and operational strength with the successful redemption of its N12.83 billion Series 5 Commercial Paper (CP). The settlement, which occurred precisely on its maturity date of November 14, 2025, reinforces the Group’s strong liquidity position, prudent balance sheet management, and trusted standing in Nigeria’s fast-evolving fixed-income market.
The redemption marks yet another milestone in VFD’s corporate financing journey. Since the formal launch of its Commercial Paper Programme in 2022, the Group has raised and redeemed a cumulative N33.4 billion across five consecutive issuances—each one settled seamlessly and on time. This flawless track record positions VFD as one of the most reliable non-bank issuers in the domestic debt market, especially at a time when many corporates continue to struggle with high rates, tightening liquidity, and unpredictable market cycles.
By retiring the Series 5 note as scheduled, VFD Group has sent a powerful signal to both existing and prospective investors. The move underscores the organisation’s ability to internally generate sufficient liquidity to meet all short-term obligations, even amid persistent volatility in Nigeria’s macroeconomic environment. It also strengthens confidence in the Group’s strategic management practices and supports the success of its ongoing N50 billion Rights Issue, which is set to close on November 24, 2025.
The Rights Issue—which offers five billion ordinary shares at a price of N10 per share—has already attracted significant investor interest, a clear reflection of the market’s belief in VFD’s fundamentals, long-term vision, and capacity for value creation. The Group’s impeccable redemption history only deepens that confidence, reassuring investors that VFD maintains a resilient capital structure and a disciplined funding strategy capable of withstanding current high-yield pressures.
Commenting on the successful settlement, Mr. Folajimi Adeleye, Executive Director of Finance & Investor Relations at VFD Group, highlighted the significance of the redemption. He described the timely payment as “non-negotiable proof” of the Group’s strong liquidity position and unwavering commitment to stakeholders. According to him, the retirement of the Series 5 obligation contributes to a meaningful reduction in short-term debt exposure, ultimately enhancing the Group’s funding mix and reinforcing its competitive edge in Nigeria’s fixed-income space.
Adeleye also noted that VFD’s performance sharply contrasts with broader market trends, where many issuers continue to adopt conservative or cautious financing strategies due to high borrowing costs. VFD’s ability to meet every maturity without delay, he explained, demonstrates a “premium issuer profile” and speaks to the Group’s well-coordinated financial and operational systems.
Looking ahead, the Group says the redemption forms part of a broader strategy to consolidate its financial position in preparation for the proceeds of the ongoing Rights Issue. The fresh capital will boost VFD’s ability to scale strategic initiatives across its investment ecosystem. Key focus areas include expanding the Bvndle Loyalty Platform, strengthening technology-driven market infrastructure, and accelerating growth across its core investment verticals: Financial Services and FinTech, Capital Markets, Market Infrastructure, Real Estate & Hospitality, and Ecosystem Support Services.
With active operations already spanning West and Southern Africa, as well as the United Kingdom and the United States, VFD is positioning itself as a dominant African player with a global footprint. The Group’s investment philosophy—anchored on disciplined capital allocation, pursuit of companies with strong management teams, and synergy-driven growth—remains central to its ability to deliver consistent, risk-adjusted returns across multiple economies.
In summary, the successful redemption of the N12.83 billion Series 5 Commercial Paper not only reinforces VFD Group’s financial credibility but also strengthens its strategic foundation for future expansion. As the Group prepares for the next chapter of growth, it continues to demonstrate the discipline, transparency, and reliability that have made it a preferred issuer in Nigeria’s investment landscape.
