06/06/2024
CABIPA NIGERIA LIMITED DEBUTS NGN5.0 BILLION FIXED RATE DEBT NOTES
Lagos, 17 April 2024:
Planet Capital Limited is pleased to announce the successful issue of the Cabipa Nigeria Limited NGN5.0 billion Fixed Rate Debt Notes (the “Notes”) for which it acted as the Financial Adviser and Arranger.
Cabipa Nigeria Limited (“Cabipa”) is a foremost indigenous and leading commodities trading and logistics company, founded in 1974. The Note issuance is to support the working capital requirement of the Company following its expansion strategy. In its five decades of operations, the Company has been engaged in the business of lubricant manufacturing and marketing, refined petroleum products trading, supply management, and marine logistics services.
About Planet Capital
Planet Capital Limited is an investment-banking firm registered and licensed by the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange, the FMDQ and NASD to operate as an issuing house, underwriter, stockbroker, and financial adviser. The Planet Capital Group provides strategic advisory services to clients in corporate finance, asset and wealth management, securities trading and corporate governance.
For more information, please visit www.planetcapitalltd.com and Linkedin.planetcapitalltd
