adsCIG Motors Company Limited has launched a N30 Billion Series 2 Commercial Paper Issuance under its N100 Billion Commercial Paper Programme, opening the transaction to both institutional and retail investors as the company accelerates its push to become Nigeria’s dominant integrated mobility platform. The offer closes Monday, 25 May 2026. Qualified investors have one day left to participate.
The issuance is structured across two tranches. Tranche A carries a tenor of 272 days with a discount rate of 18.53% and an implied yield of 21.50%. Tranche B runs for 364 days at a discount rate of 19.53% and an implied yield of 24.25%. The minimum subscription is N5,000,000, with subsequent investments in multiples of N1,000. Funding date is Tuesday, 26 May 2026.
United Capital Plc is acting as Primary Issuing House. Cordos Capital Plc and Rand Merchant Bank are serving as Joint Issuing and Placing Agents, with Wema Bank, Access Bank and Providus Bank designated as receiving banks. The paper carries an A1 short-term and A long-term rating from DataPro, and an A2 short-term and Bbb long-term rating from Agusto & Co.
Proceeds from the issuance will be directed towards inventory financing, working capital optimisation, operational expansion and broader mobility infrastructure development across Nigeria.
