Johnvents Industries Limited (Johnvents or the Company) has efficiently closed its ₦80 billion Series 1 Commercial Paper issuance underneath its ₦250 billion Commercial Paper Programme. The supply attracted subscriptions above the ₦80 billion situation dimension, reflecting robust institutional participation and continued market curiosity within the Company’s credit score story, working efficiency, and progress plans.
The final result comes at an essential stage in Johnvents’ evolution. The enterprise has grown from agricultural commodity sourcing and buying and selling into an built-in agribusiness and meals manufacturing platform by means of natural funding, capability enlargement and strategic acquisitions.
Johnvents Industries Limited, the issuer underneath the Commercial Paper Programme, sits throughout the wider Johnvents Group, whose companies join commodity origination and aggregation, storage, processing, exports and branded client merchandise. This mannequin strikes regionally sourced agricultural output from farmgate to industrial and client markets whereas strengthening high quality management, traceability and worth seize in Nigeria.
The Group’s subsequent section is concentrated on rising processing throughput, bettering capability utilisation, extending manufacturing into higher-value client items, and broadening home distribution and export relationships. By processing extra agricultural output regionally, the Group goals to strengthen Nigeria’s non-oil export base, maintain jobs and enterprise throughout its community of farmers, aggregators, transporters, distributors and repair suppliers, and construct a Nigerian-origin agribusiness and meals firm able to competing throughout regional and world markets.
The proceeds can be utilized in accordance with the accredited supply paperwork to assist Johnvents’ seasonal working capital necessities, together with commodity procurement and processing in the course of the present working cycle. This funding is meant to assist the enterprise safe uncooked supplies inside outlined seasonal home windows and assist throughput throughout its processing operations.
The shut follows an intensive investor engagement programme, which included administration conferences and an investor tour of chosen Johnvents services. The engagement gave traders direct entry to administration and a first-hand view of the Company’s operations, processing capability, stock cycle and built-in worth chain.
Johnvents additionally accomplished the complete redemption at maturity of its Series 21 Commercial Paper, with an combination face worth of ₦28.64 billion. The reimbursement was accomplished in accordance with the phrases of the instrument and displays the Company’s continued give attention to liquidity planning and the well timed settlement of its market obligations.
(*1*)
John Alamu, Group Managing Director
“The issuance was structured around the working capital cycle of the business. Cocoa and other agricultural commodities are procured within defined seasonal windows, while processing, shipment and collection take place over the months that follow. Closing this issuance while fully redeeming Series 21 at maturity reflects our focus on matching funding to operating cash flows, managing maturities deliberately and maintaining adequate liquidity throughout the business cycle.”
Samuel Olaifa, Group Head, Treasury
“Investors wanted a clear understanding of the relationship between Johnvents’ operating assets, inventory cycle, cash generation and repayment capacity. The investor tour and subsequent engagements gave them direct access to management and operations, allowing the transaction to be assessed on the strength of the underlying business. The outcome reflects the value of transparent investor engagement and the depth of institutional interest in well-structured credit opportunities. We appreciate Johnvents for the mandate, United Capital and the other transaction parties for their collaboration, and the investors who participated in the issuance.”
Kayode Omosebi, Acting Managing Director, Regius Capital
The transaction was led by United Capital Plc and Regius Capital Limited, with assist from the opposite Joint Issuing Houses, advisers and transaction events.
About Johnvents Industries Limited
Johnvents Industries Limited is the issuer underneath the Commercial Paper Programme throughout the Johnvents Group. The wider Group operates an built-in agribusiness and meals manufacturing platform spanning commodity sourcing, processing, exports and branded client merchandise.
