C&I Leasing Offers Commercial Paper for Subscription –FSDH
To support its working capital requirement, C&I Leasing Plc has opened its N5 billion commercial paper for subscription to the investing public. The company launched up to ₦5 billion Series 3 Commercial Paper Issuance under its ₦50 Billion Commercial Paper Issuance Programme, according to details from FSDH Capital.
C&I operates equipment leasing, logistics and outsourcing in Nigeria, with a track record of up to three decades. It is licensed by the Central Bank of Nigeria as a finance company and currently offers both operating and finance leasing services across its various markets.
Details from the offer showed the company operates across four major business segments: Marine Services, Fleet Management, Personnel Outsourcing and Cititracks.
With a staff strength of over 8,000 people and operational offices at key locations across both Nigeria and Ghana, the Company takes pride in its track record of qualitative and exceptional service delivery.
The group comprises; C&I Plc as the parent, with the subsidiaries, namely: Leasafric Ghana Limited; EPIC International FZE, United Arab Emirates; and C&I Leasing FZE, Nigeria. Also, C&I has an interest in two Joint Ventures, SIFAX C&I Marine Limited, Nigeria and SIFAX C&I Leasing Marine Limited, Seychelle, East Africa.
C&I Leasing Plc has a stable and experienced executive management team with a history of consistent superior financial performance and returns. The company has a stable outlook, with a short-term rating of A3 by GCR, and BBB- Agusto. #C&I Leasing Offers Commercial Paper for Subscription –FSDH Cadbury Nigeria Shrinks Amid 81% Drop in Equity Capital