In a significant development for Nigeria's corporate debt market, RusselSmith Nigeria Limited has announced the complete and timely repayment of its N3 billion Series 1 Commercial Paper (CP) program. The West African industrial solutions provider confirmed that all investors have received their full returns, cementing the company's reputation as a reliable issuer.
A Testament to Financial Discipline and Market Trust
The landmark Series 1 CP, which was launched earlier in the year, was notably oversubscribed, highlighting strong investor appetite. The successful repayment, executed by the 29th of December 2025 deadline, marks a pivotal moment in RusselSmith's engagement with the capital markets. Kayode Adeleke, the Chief Executive Officer of RusselSmith, emphasized that this achievement underscores the company's robust financial management and operational strength.
"The oversubscription at issuance was a clear vote of confidence from the market in our business model," Adeleke stated. "We are particularly pleased to have met our obligations to investors in full and on schedule, which reflects our core values of integrity and precision."
Strengthening Position for Future Growth
Adeleke further explained that this milestone does more than just close a transaction; it strategically positions RusselSmith for future capital market activities. "This strengthens our standing in Nigeria's capital markets and demonstrates our ability to access diverse funding sources while upholding the highest standards of corporate governance," he added. The company reaffirmed its commitment to delivering consistent value to all stakeholders, including investors, clients, and partners.
The overwhelming initial response to the CP issuance was driven by investor confidence in RusselSmith's diversified and resilient business model. The company operates across several critical sectors of the national economy:
- Oil and Gas Services
- Advanced Manufacturing
- Defence Technology
- Maritime Solutions
- Aerospace Engineering
Foundation of a 20-Year Legacy
With a 20-year legacy of excellence, RusselSmith has built a track record of operational resilience and financial discipline through various market cycles. The company's diversified revenue streams across these essential infrastructure sectors generate stable cash flows, providing a solid foundation for meeting its debt obligations. This successful CP program repayment paves the way for the company to engage more deeply with the capital markets for its future growth and expansion projects.
By delivering on its promise with unwavering commitment, RusselSmith has not only rewarded its investors but has also reinforced its image as a credible and dependable participant in Nigeria's debt capital markets. This event is likely to encourage other indigenous industrial firms to consider similar instruments for funding, contributing to the overall depth and sophistication of the local financial ecosystem.
