CardinalStone Partners Limited Offering 7.0% Yield On Its 270-Day Commercial Paper

Tuesday, August 11, 2020 / 06:20 PM / By Afrinvest Research / Header Image Credit: African Financials

CardinalStone Partners limited ("CardinalStone") is seeking to raise up to N5.0bn in the first series of its N10.0bn Commercial Paper ("CP") Programme in order to support its short term financing requirements.

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional and retail clientele base. The Company and its subsidiaries are licensed by the SEC to operate as an Issuing House, Fund Manager, Broker/Dealer and Registrar; and by the Central Bank of Nigeria ("CBN") to operate as a Finance company.

Over the years, the Company has continued to introduce innovative asset management and other financial products as well as service offerings as a mode of differentiation across its various businesses.

Please see below the details of the offer:

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