Veritasi Homes & Properties Limited, a real estate firm, has registered a N10 billion commercial paper (CP) program on the FMDQ Securities Exchange to raise short-term capital for the development of its real estate portfolio.
The CP programme enables Veritasi Homes to raise debt market finance for a tenor of up to 270 days at any time in the future that it deems appropriate. The registration of the CP programme emphasizes FMDQ Exchange’s role as a market organizer and lends credence to its reputation as a financial market innovator.
Veritasi Homes is a Nigerian real estate company that offers marketing, advisory, and development services throughout the real estate value chain. The company’s vision is to be a world-class real estate development firm focused on value.
Mr. Nola Adetola, Managing Director of Veritasi Homes & Properties Limited, expressed delight at the FMDQ Exchange’s registration of the N10 billion CP programme.
According to him, the approval of the CP programme is a watershed moment in the company’s short-term growth plans.
“We are thrilled that the proceeds from the CP will be used to develop superior real estate projects for clients both at home and abroad.” We would like to express our gratitude to Mega Capital Financial Services Limited, the transaction sponsor, and Pathway Advisors Limited, our financial adviser, for their hard work and professionalism in obtaining approval for this program. Our brand’s commitment to building a trustworthy business remains unchanged, and we look forward to future collaborations.
Mr. Emmanuel Egbumokei, Managing Director of Mega Capital Financial Services Limited, stated that Veritasi Homes is a real estate development company that focuses on creating homes for low and middle-income earners.
“With this approved CP programme, Veritasi Homes & Properties Limited will be able to access debt capital markets funding to actualize its strategic objectives,” Egbumokei said.
FMDQ reiterated its commitment to key market development initiatives to ensure that growth and development opportunities abound for the markets under its purview, in accordance with its strategic objectives of providing credible market structures to corporate and commercial businesses with the opportunities to meet their short-term funding requirements.