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Stratos Trading Limited has redeemed its Series 1 Commercial Paper (CP) issuance under the Company’s N20 billion commercial paper programme, reaffirming its reputation as a disciplined and creditworthy issuer, while demonstrating the strength of its business fundamentals, financial discipline 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. The offer attracted strong investor participation and closed at 115 percent subscription, a significant achievement for a first-time issuer accessing the Nigerian debt capital market.
The redemption marks an important milestone in the company’s growth journey and underscores its ability to meet its financial obligations, while maintaining strong operational performance.
Commenting on the redemption, Francisco Lakanu, Chief Executive Officer of Stratos said: “The successful redemption of our inaugural commercial paper issuance reflects the strength of our business model, the confidence investors have placed in our strategy and our unwavering commitment to prudent financial management. 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.”
For the Group Chief Executive Officer of Cedrus Group, Olubusayo Adeniyi, he added, “The successful redemption of this issuance demonstrates the discipline expected of a quality issuer and reinforces investor confidence in Stratos’ business fundamentals.
“Transactions such as this reflect what institutional investors increasingly seek, which is strong governance, resilient operations, disciplined financial management and a clear long-term growth strategy. We are proud to have supported Stratos in achieving this important milestone and remain committed to helping ambitious African businesses access capital markets with confidence.”
Also commenting, Dele Akinjo, Executive Director, Cedrus Group affirmed, “This transaction demonstrates the value of strong preparation, sound corporate fundamentals and effective execution. We are pleased to have advised Stratos on its inaugural commercial paper issuance and to witness the successful completion of the transaction cycle. At Cedrus, we remain committed to supporting ambitious African businesses with access to efficient capital solutions that enable sustainable growth.”
Cedrus Capital acted as Lead Financial Adviser on the transaction, providing strategic advisory and execution support throughout the issuance process.
The successful redemption of the Series 1 Commercial Paper further reinforced Stratos’ reputation as a growing, financially disciplined and operationally resilient enterprise while highlighting the continued role of the Nigerian debt capital market in supporting the growth ambitions of high-performing indigenous businesses.
Over the past eight years, Stratos has established itself as one of Nigeria’s fastest-growing energy trading companies, serving a diverse client base that includes international shipping companies, offshore and onshore operators and port-based customers.
