Skymark Partners raises N11.49 billion in latest commercial paper issuance
Skymark Partners Limited has deepened its presence in Nigeria’s short-term debt market with the listing of three new commercial paper (CP) issuances worth a combined N11.49 billion on the FMDQ Securities Exchange.
The latest tranches, Series 48, 49, and 50, form part of the company’s N30 billion commercial paper issuance programme. The programme, since 2022, has allowed Skymark to raise short-term funding to support its working capital and business expansion needs.
According to the FMDQ Exchange, Skymark raised N0.80 billion under Series 48, N1.22 billion under Series 49, and N9.47 billion under Series 50. The papers were listed under the FMDQ Exchange’s quotation window, which continues to serve as a key platform for corporate issuers seeking efficient access to Nigeria’s fixed-income investors.
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Since debuting in the commercial paper market in 2022, Skymark Partners has cumulatively issued about N71.78 billion across multiple series, highlighting the company’s strong market appetite and investor confidence in its credit quality.
Skymark’s consistent issuances reflect sustained interest from institutional investors, as the fixed income market has seen increasing interest from companies. Institutions have been tapping the market to bridge funding gaps amid tightening bank credit conditions.
Skymark Partners Limited, an investment and advisory firm, focuses on providing structured financing and capital market solutions to corporates and government entities.
