Stratos Redeems Inaugural N20bn Commercial Paper Issuance

Stratos Trading Limited has announced the successful redemption of its inaugural series 1 commercial paper (CP) issuance, valued under the company's N20 billion Commercial Paper Programme. This accomplishment, the company asserts, underscores its standing as a disciplined and creditworthy issuer, highlighting the robustness of its business fundamentals, financial acumen, and dedication to responsible capital management.

The offer reportedly garnered significant investor interest, closing with a subscription rate of 115 percent. This level of participation is considered a substantial achievement, particularly for a company accessing the Nigerian debt capital market for the first time.

“

The successful redemption of our inaugural Commercial Paper issuance reflects the strength of our business model, the confidence investors have placed in our strategy, and our unwavering commitment to prudent financial management. We are grateful for the trust shown by the investment community and remain focused on expanding our operational capabilities, strengthening our infrastructure and delivering world-class energy trading and bunkering solutions that create sustainable value for our customers, investors and other stakeholders.

Francisco Lakanu, Chief Executive Officer of Stratos Trading Limited, commented on the successful redemption, stating, "The successful redemption of our inaugural Commercial Paper issuance reflects the strength of our business model, the confidence investors have placed in our strategy, and our unwavering commitment to prudent financial management. We are grateful for the trust shown by the investment community and remain focused on expanding our operational capabilities, strengthening our infrastructure and delivering world-class energy trading and bunkering solutions that create sustainable value for our customers, investors and other stakeholders."

Olubusayo Adeniyi, Group Chief Executive Officer of Cedrus Group, also weighed in on the transaction. He noted that the successful redemption exemplifies the discipline expected of a quality issuer and reinforces investor confidence in Stratos' business fundamentals. "Transactions such as this reflect what institutional investors increasingly seek, which is strong governance, resilient operations, disciplined financial management and a clear long-term growth strategy. We are proud to have supported Stratos in achieving this important milestone and remain committed to helping ambitious African businesses access capital markets with confidence," Adeniyi added.

“

Transactions such as this reflect what institutional investors increasingly seek, which is strong governance, resilient operations, disciplined financial management and a clear long-term growth strategy. We are proud to have supported Stratos in achieving this important milestone and remain committed to helping ambitious African businesses access capital markets with confidence.