Payaza Africa Limited (Payaza) is currently shopping for about N50 billion through the issuance of Series 1 and 2 Commercial Papers (CPs). The Series 1 and 2 Commercial Papers, under its N150 billion Commercial Paper Issuance Programme will be used to fund the working capital requirements of the Company.
The Commercial Papers issuance which opened on February 23 will close on February 26.
The company has since inception raised over N70 billion across 6 successful CP series, of which N32.53 billion has been fully repaid, while the outstanding balance is still within its scheduled repayment period and not yet due.
Payaza Africa Limited has demonstrated a strong track record of timely repayment and remains committed to maintaining the confidence of capital market stakeholders.