Fast Credit redeems N5bn commercial paper
Fast Credit Finance Company Limited has announced the successful payout to investors for its Series 5 and 6 Commercial Paper Issuance, amounting to N5 billion under its ongoing Commercial Paper Programme.
The redemption marks another key achievement for the company, reflecting its financial strength, transparency, and commitment to investor confidence within Nigeria’s financial services sector.
The two tranches, issued with tenors of 180 and 270 days respectively, had a combined face value of N5 billion, N3.48 billion for Series 5 and N1.52 billion for Series 6. Both papers have now matured and been fully redeemed, with investors receiving their principal and accrued returns in full.
Fast Credit described the completion as a testament to its strong governance structure and efficient operational model. The company noted that investor trust and participation continue to underpin its growth strategy as it expands its footprint in Nigeria’s fast-evolving fintech and credit market.
Yetunde Faulkner, acting chief executive officer, said the successful redemption reinforces Fast Credit’s reputation as a reliable investment partner.
“The successful redemption of our ₦5 billion Commercial Paper reinforces our credibility and commitment to investors. It reflects our dedication to building a strong, transparent, and sustainable financial institution that creates value for both investors and customers alike,” she said.
Faulkner added that the company remains focused on advancing inclusive, technology-driven financial solutions designed to empower Nigerians and promote broader access to finance.
