SKLD Integrated Services Limited has announced the launch of a N7.5 billion Commercial Paper (CP) issuance. The offer is part of the company's N10 billion Commercial Paper Programme established with FMDQ Securities Exchange.
The issuance opened for subscription on March 26, 2026, and is scheduled to close on April 1, 2026. The company stated that the proceeds from the fundraising exercise will be used to finance its business expansion plans and support working capital requirements.
Chapel Hill Denham Advisory Limited is acting as the Lead Arranger and Dealer for the commercial paper programme. The issuance provides an opportunity for investors to participate in a short-term debt instrument issued by the logistics and supply chain company.
Commercial papers are unsecured, short-term debt instruments typically used by corporations to finance immediate operational needs. The successful launch aligns with SKLD Integrated's strategy to diversify its funding sources for growth.
