Pivot Completes Early Repayment of Commercial Paper

Pivot Integrated Energy Services Limited has fulfilled its first repayment obligation since entering Nigeria’s commercial paper market. This early redemption occurred shortly after the company’s initial issuance, marking a significant milestone in its financial operations.

The maiden Series 1 Commercial Paper issuance, which concluded in August 2026, secured subscriptions of ₦100.08 billion, surpassing the target of ₦100 billion. This demonstrates robust investor confidence in the offering.

The issuance was divided into four tranches with tenors of 90, 180, 270, and 364 days, forming the initial phase of Pivot’s ₦300 billion Commercial Paper Programme. The successful redemption of Tranche A leaves the remaining instruments to be settled at their maturity dates.