Bigoz Logistics Limited, a third-party logistics service provider, has announced the successful redemption of its N4.3 billion Series 1 Tranche B commercial paper issuance.
The redemption represents another significant milestone in Bigoz Logistics’ financial journey and the company’s strong commitment to sound financial management, the company said.
It followed the successful redemption of its N655 million Series 1 Tranche A commercial paper in May.
“Bigoz Logistics has once again demonstrated its ability to navigate the Nigerian capital markets effectively and optimize its financing strategies,” the announcement said.
In the statement, the Managing Director of Bigoz Logistics, Bright Ajaegbu, said: “Once again, we are delighted to have met our obligation in a timely fashion with the redemption of the N4.3 billion Series 1 Tranche B CP. This reflects Bigoz’s credibility, outstanding business model and commitment to maintaining investors’ confidence in the Nigerian debt capital market.
“We appreciate all the institutional investors for their participation and reiterate our commitment to be a counterparty that can be counted on, for the long term’’.
Managing Director of Pathway Advisors Limited, Adekunle Alade, said: “We are delighted to have advised Bigoz Logistics on the successful issuance and redemption of the N4.3 billion Series 1 Tranche B commercial paper and ensuring all necessary post-issuance compliance requirements.
“The CP redemption reinforces Bigoz Logistics’ strong financial strength and underscores our commitment to delivering tailored financial solutions to our valued clients.”
