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Daraju Industries Launches Series 28 Commercial Paper Notes

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Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Offer seeks to raise N1 billion at a 23.90085% discount rate
  • Funds to support short-term financing needs of the consumer products maker

 

Lagos, Nigeria – Daraju Industries Limited, a Nigerian consumer products maker, has commenced its Series 28 Commercial Paper Notes offer. The instrument is offered at a discount rate of 23.90085% or an implied yield of 29%, the company stated.

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