Stratos Trading Limited has reiterated its commitment to delivering integrated energy trading and bunkering solutions across its operations in Nigeria.
This commitment follows the redemption of its Series 1 Commercial Paper (CP) issuance under the Company’s N20 billion Commercial Paper Programme.
“We are grateful for the trust shown by the investment community and remain focused on expanding our operational capabilities, strengthening our infrastructure and delivering world-class energy trading and bunkering solutions that create sustainable value for our customers, investors and other stakeholders,” said Francisco Lakanu, Chief Executive Officer, Stratos Trading Limited.
According to Lakanu, the successful redemption of the CP demonstrates the strength of Stratos’ business fundamentals, financial management and commitment to responsible capital stewardship.
The Series 1 issuance, which represented the Company’s debut public capital markets transaction, was issued in two tranches of 180 and 270 days with a total issue size of N5 billion.
