TrustBanc Holdings Limited in a statement on Thursday said it has raised N3.02 billion from its series 5 Commercial Paper (CP) issued on January 27, 2022.
The parent company of three financial service firms, said the 180-day CP was issued at a discount of 12.2%, noting that the transaction recorded 264% subscription.
While speaking on the development, TrustBanc Chief Executive Officer, Mr Abu Jimoh, said the achievement is a strategic milestone in its bid to establish TrustBanc as a Leading financial service provider in Nigeria.
Some dealers on the transaction included UCML Capital Limited, United Capital Plc and Emerging Africa Group.
Speaking on behalf of the dealers, UCML Capital Limited,Mr Egie Akpata disclosed that the level of oversubscription of the issue indicates the widespread acceptance by institutional investors of TrustBanc Holdings as an issuer of choice.
