Coleman Wires & Cables has achieved another significant milestone as its recent Commercial Paper issuance recorded an impressive 86% oversubscription, reinforcing strong market confidence in the company’s performance, governance standards, and long-term strategic direction.
The successful issuance reflects sustained investor trust in Coleman’s business fundamentals and its position as a leading player within Nigeria’s manufacturing sector. It also highlights the growing confidence in indigenous companies that continue to demonstrate resilience, operational excellence, and consistent value creation.
As one of the few A-rated indigenous manufacturers in West Africa, Coleman Wires & Cables continues to strengthen its reputation as a trusted industry leader committed to powering progress through innovation, quality, and scale.
Speaking on the successful outcome, the company expressed appreciation to its investors, financial partners, and stakeholders whose confidence continues to support Coleman’s growth journey.
The proceeds from the issuance will further support the company’s strategic objectives, including capacity expansion, operational efficiency, and continued investment in world-class cable manufacturing solutions that meet evolving infrastructure and energy demands across the region.
Over the years, Coleman has remained focused on building sustainable manufacturing capacity while maintaining high standards in product quality, corporate governance, and customer satisfaction. The strong oversubscription serves as a clear indication of the market’s confidence in the company’s vision and ability to deliver long-term value.
As demand for reliable power infrastructure and industrial development continues to grow, Coleman Wires & Cables remains committed to driving innovation, strengthening local manufacturing, and contributing meaningfully to economic growth across Nigeria and West Africa.
