Infinity MFB Opens N2bn Commercial Paper for Subscription at 22.85%
Infinity Microfinance Bank (MfB) Limited has opened up its N2 billion Series 4 Commercial Paper for investors’ subscription at a 22.8514% discount rate, FSDH Capital Limited has announced.
The 270-day tenor commercial paper is opened today and is scheduled to close on 30 April 2025, and Infinity said the notes will be listed on the FMDQ Securities Exchange Limited.
Infinity MfB is a leading Lagos-based microfinance bank licensed by the Central Bank of Nigeria to operate as a state microfinance bank. The bank provides banking services, including loans, leases, savings, and deposits.
The business started in 2001 as Infinity Community Savings and in October 2007 converted into a microfinance bank in compliance with guidelines issued by the Central Bank of Nigeria. As of 31 December 2024, the bank has 20 branches in Lagos State, with a footprint in all the major commercial hubs across the state.
According to FSDH Capital Limited, Infinity MfB has demonstrated remarkable growth over the years, achieving a 25% y-o-y increase in interest income for the year ended 2024.
The financial performance of Infinity MfB as of 31 December 2024 shows a commitment to growth and profitability. The bank’s net interest margin stands at an impressive 37%, highlighting its ability to generate substantial revenue from its interest-earning assets.
With a Return on Assets (ROA) of 7%, it demonstrates operational efficiency and effective asset utilization. Its strong net profit margin of 21% reflects our robust profitability and sound financial management.
Additionally, its interest coverage ratio of 4.9x showcases its capacity to comfortably meet interest obligations, ensuring financial stability. Infinity MfB has been assigned a revised issuer credit rating of A from DataPro Limited.
This rating reflects the bank’s liquidity position, profitability, and asset quality. The bank continues to remain poised for growth to deliver value to its clients and stakeholders. #Infinity MFB Opens N2bn Commercial Paper for Subscription at 22.85%#
MeCure Opens N9bn Commercial Papers for Subscription at 22.54%
