Investors snap up AG Mortgage Bank’s N3.97bn commercial paper with 100% subscription - Businessday NG

Investors snap up AG Mortgage Bank’s N3.97bn commercial paper with 100% subscription - Businessday NG

AG Mortgage Bank secured N3.97 billion from fully subscribed commercial paper (22.5-24% yield, 270-364 day tenor), strengthening liquidity to scale mortgage operations in Nigeria. Signals emerging-market fintech maturity: institutional investors back a digitalized, BBB-rated mortgage lender integrated with federal housing schemes—relevant for tech teams evaluating Africa infrastructure/SaaS expansion.