Johnvents shops for N5bn from series 1 & 2 commercial paper issuance

Share

Johnvents Industries is targeting to raise N5billion from its ongoing series 1 & 2 non-interest Commercial Paper (CP) issuance. The issuance is structured using the Murabaha model, with Johnvents Industries non-interest funding SPV Plc acting as the seller, and Johnvents Industries Limited serving as the purchaser. The CP issuance is under its N15 billion non-interest funding SPV Plc programme. The series 1 & 2 CP issuance is scheduled to close on Thursday, August 21, 2025.


Johnvents Industries Limited is a wholly indigenous-owned agribusiness committed to driving sustainable growth across the entire agricultural value chain from production, processing, manufacturing, and distribution. The Company is at the intersection of everything agriculture, unlocking immense value through trade outreach, technological innovations, financial empowerment, and research to ensure food supply and premium export value for Africa.


Johnvents Industries Limited demonstrated strong financial performance for the year ending December 31, 2024, achieving substantial growth across key metrics. Turnover rose significantly to N230.63 billion (2023: N94.90 billion), while profit before tax (PBT) increased to N25.75 billion.

Read more

Local News