{"id":8522,"date":"2026-05-25T11:15:03","date_gmt":"2026-05-25T11:15:03","guid":{"rendered":"https:\/\/ograsset.com\/?p=8522"},"modified":"2026-05-25T11:15:06","modified_gmt":"2026-05-25T11:15:06","slug":"legend-internet-repays-n10bn-commercial-paper","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/05\/25\/legend-internet-repays-n10bn-commercial-paper\/","title":{"rendered":"Legend Internet repays N10bn Commercial Paper"},"content":{"rendered":"\n
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Legend Internet repays N10bn Commercial Paper<\/strong><\/h1>\n\n\n\n

Legend Internet Plc has announced the full and timely repayment of its Series 1 Commercial Paper under its N10bn multi-layered issuance programme, marking a key milestone in the company\u2019s engagement with Nigeria\u2019s debt capital market.<\/p>\n\n\n\n

The repayment, completed on schedule and in full, underscores the company\u2019s financial discipline and its continued commitment to maintaining strong investor relations in a tightening funding environment.<\/p>\n\n\n\n

The Series 1 issuance had earlier attracted significant demand, recording a 119.7 per cent oversubscription at launch, reflecting strong investor appetite and confidence in the company\u2019s credit profile, operational performance, and long-term expansion strategy.<\/p>\n\n\n\n

Speaking on the repayment, the Chief Executive Officer of Legend Internet Plc, Aisha Abdulaziz, said the outcome reinforces the company\u2019s credibility and operational strength.<\/p>\n\n\n\n

\u201cThe successful repayment of our Series 1 Commercial Paper demonstrates Legend Internet\u2019s unwavering commitment to meeting its financial obligations and maintaining the trust of the investment community. This milestone further reinforces the strength of our business model, operational discipline, and long-term vision for building resilient digital infrastructure across Nigeria,\u201d she said.<\/p>\n\n\n\n

She added that investor confidence has remained central to the company\u2019s funding strategy, saying, \u201cWe remain deeply appreciative of the confidence shown by our investors, advisers, issuing houses, and market partners during the issuance and throughout the tenor of the programme. Their support continues to position Legend Internet for sustainable growth and expansion.\u201d<\/p>\n\n\n\n

The Commercial Paper programme forms part of Legend Internet Plc\u2019s broader capital strategy aimed at supporting broadband infrastructure expansion, strengthening working capital efficiency, and accelerating investment in Nigeria\u2019s digital connectivity ecosystem.<\/p>\n\n\n\n

Market analysts note that the successful repayment further strengthens the company\u2019s standing within the Nigerian debt capital market, particularly at a time when investor scrutiny of corporate credit quality remains elevated.<\/p>\n\n\n\n

Legend Internet Plc operates as a digital infrastructure and broadband services provider, with a focus on fibre connectivity, enterprise solutions, and next-generation digital services designed to expand access and support economic inclusion across Nigeria<\/em><\/p>\n\n\n\n

Source:<\/em> https:\/\/punchng.com\/legend-internet-repays-n10bn-commercial-paper\/<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Legend Internet repays N10bn Commercial Paper Legend Internet Plc has announced the full and timely repayment of its Series 1 Commercial Paper under its N10bn multi-layered issuance programme, marking a key milestone in the company\u2019s engagement with Nigeria\u2019s debt capital market. The repayment, completed on schedule and in full, underscores the company\u2019s financial discipline and… <\/p>\n

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