Judul : Valency Agro locks in N13bn for export growth
link : Valency Agro locks in N13bn for export growth
Valency Agro locks in N13bn for export growth
Valency Agro Nigeria Limited has made a major move in strengthening its status as a top agro-processing and export firm in Nigeria by finalizing a N13bn Commercial Paper issue, which received approval from the Securities and Exchange Commission.
This release is part of a broader N40bn CP Program and saw an 18 percent oversubscription, drawing significant attention from institutional investors in Nigeria, as stated by the company on Thursday. This indicates increasing trust in agriculture as a key long-term value generator and in Valency's established history of effective execution.
The notes, having maturities of 270 and 360 days, are backed by credit assessments from Global Credit Rating Company and DataPro, which emphasize Valency’s operational strength and careful capital handling. Choosing commercial paper over conventional bank loans shows the company's flexibility and vision, allowing it to capitalize on market chances while keeping hold of its strategic path.
The revenue generated from this offering will be directed towards expanding agro-processing facilities for cashew, soybean, cocoa, and sesame. It will also help enhance the supply chain infrastructure that links smallholder farmers to international markets. Furthermore, these funds will assist in meeting the increasing demand for exports and will promote sustainable methods that generate employment, improve rural living standards, and support national food security.
Commenting on this accomplishment, Trilochan Ojha, the Country Head of Valency Agro Nigeria Limited, said, "The successful N13bn issuance represents a pivotal moment for Valency Agro Nigeria. It highlights the confidence that institutional investors place in our mission to develop a more robust and globally competitive agricultural supply chain in Nigeria. Our objective is straightforward: to generate long-term value for all stakeholders—farmers, staff, investors, and local communities."
Reiterating this view, Amit Bose, the Chief Finance Officer for Africa at Valency Agro Nigeria Limited, stated, “The 18 per cent oversubscription of our Series 13 and 14 Commercial Paper is a clear sign of confidence in Valency Agro Nigeria’s financial stability, governance, and careful management of capital. Notably, the funds raised will boost our working capital to handle the increasing export needs. This strengthens Valency's position for ongoing growth and creates tangible benefits throughout the agricultural sector.”
Ukandu Ukandu, Chief Executive Officer of FirstCap Ltd, the main underwriting firm in the transaction, stated, “Valency keeps demonstrating strength and strategic brilliance in the Nigerian financial market. Their steady performance and proactive mindset set them apart in the sector. At FirstCap, we are honored to be a reliable ally in their development path, and we are dedicated to aiding their ambitious goals.”
Over the past few years, Valency Agro Nigeria has increased its footprint within the nation by setting up a supply-chain complex in Ibadan, preparing the foundation for a top-tier processing facility in Oyo State, and introducing an industrial park designed to boost Nigeria's agricultural exports.
Backed by worldwide collaborations and international accreditations, the company has played a key role in establishing Nigeria as a strong contender in the global agricultural sector, while also generating employment and enhancing the lives of farmers.
This accomplishment sees Valency Agro Nigeria Limited not only securing funds but also reinforcing its dedication to building a more robust agricultural future for Nigeria and further afield.
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