Julius Berger Nigeria has disclosed that it borrowed N30 billion in Nigeria’s fixed-income market through commercial paper issuance.
In a corporate document obtained by Ripples Nigeria on Thursday, but dated February 15, 2023, and sent to its shareholders and the investing public, Julius Berger said the fund was raised in Series 1 and 2 Commercial Paper issuance.
Banks, pension fund administrators, asset managers, insurance companies, and high net-worth individuals were part of the investors that contributed to the N30 billion debt.
