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Zylus Homes and Property, one of Africa’s leading and most innovative real estate development company has signed a commercial paper programme worth N10 billion in a bid to expand and develop more homes across Nigeria.
The Commercial paper signed on Thursday 17th August 2023 was approved by the Board Listings and Markets Committee of the Financial Market Dealers Quotation Securities Exchange (FMDQ).
The official signing ceremony, was witnessed by professional partners and executives including Pathway Advisors Limited, Keystone Bank, Meristem Trustees, DLM Trust company, Africa Law Practice NG and Company, and Joseph Dauda & Co.
Speaking at the signing, the GCEO of Zylus Homes and Property, Dr. Oluwatosin Olatujoye stated that the CP is set to help the company accelerate the development of its ongoing projects while tackling housing deficit by helping more Nigerians have access to quality and affordable homes.
He also appreciated all the financial and legal partners, advisors and trustees for their efforts and professionalism in ensuring the approval of the Commercial paper programme.
In his remarks, the MD of Pathway Advisors Limited, Mr. Adekunle Alade said that based on the track records of the company and her ongoing projects, he believes that raising the first series will be easy and that the programme will enable the company achieve its housing goal.
The Regional Manager, Keystone bank, Mrs. Olufunke Nwanze also affirmed that the signing of the CP is a momentous event because Zylus Homes has built a formidable brand in such a short period adding that the CP will help them achieve great potentials.
While speaking on this milestone, the Zylus Homes and Property, Executive Director of Finance, Mr. Wasiu Sonekan affirmed that the money invested will be immediately be taken to site to complete ongoing housing projects which will give room for a greater level of expansion and growth.