Pathway Advisors Limited has officially launched the Series 1 Commercial Paper issuance for Pivot Integrated Energy Services Limited. This offer, valued at up to ₦100 billion, is part of a larger ₦300 billion programme and will remain open for subscriptions until July 31, 2026.
The issuance includes three tranches with varying tenors and rates. Tranche A offers a 17.5% discount rate and 19.15% yield over 180 days. Tranche B spans 270 days with a 19.5% discount and 22.79% yield, while Tranche C covers 364 days at a 19.69% discount and 24.50% yield. Investors may participate with a minimum commitment of ₦5,000,000. The company holds strong credit ratings, including A3 from Agusto & Co. and Global Credit Rating, and A1 from DataPro Limited.
Pivot Integrated Energy Services intends to utilize the capital to fund working capital requirements for its petroleum product trading, storage, and distribution business. As a key player in the downstream sector, Pivot supplies fuel products across Nigeria and other African markets and is recognized as one of 20 approved off-takers for the Dangote Refinery, with a quarterly allocation of 300 million litres.
Pathway Advisors, the Lead Arranger for this transaction, is a SEC-regulated firm specializing in capital raising and strategic financial advisory services.
