Skymark launches ₦15B Series 9-10 Commercial Paper at 21.5-24.5% yields, closes Sept 11
Skymark Partners Limited launched Series 9-10 of its Commercial Paper programme on September 3, 2026, offering up to ₦15 billion in two tenors: 191 days at 21.50% yield and 361 days at 24.50% yield. The issuance closes September 11, 2026, continuing after the registration of its ₦200 billion Commercial Paper Programme with the Securities and Exchange Commission (SEC) in February 2026 and successful prior issuances totalling ₦24.3 billion across Series 1-8.
This offering provides investors with yields significantly above current Nigerian Treasury Bill rates and traditional fixed deposit options. Skymark's strong track record includes raising ₦80.72 billion under its previous ₦30 billion programme (2022), with ₦76.69 billion already repaid. The company, founded in 2009 and focused on financial services, real estate, technology, education, and agriculture sectors, reports strengthened financial performance with over 100% increase in key metrics per 2025 audited accounts—total assets at ₦64 billion and profit before tax at ₦2.9 billion. Rated A+ by DataPro, the issuance is deemed competitive in the current yield environment.
The dealers facilitating this transaction are UCML Capital, United Capital, and AIICO Capital. While the announcement doesn't specify minimum investment amounts, interested investors should contact these dealers directly for participation procedures, documentation requirements, and exact cutoff times before the September 11 closing date. Given the attractive yields compared to government securities and bank products, this represents a notable short-term investment opportunity in the Nigerian money market, particularly for those seeking returns above inflation-preserving instruments.