AVA Capital Commercial Paper
A structured, efficient route for corporates to raise short-term funding from the capital market through secured or unsecured promissory notes - executed end-to-end by AVA Capital.
- Tenor
- 30 - 364 days
- Structure
- Secured / Unsecured
- Programme
- SEC-Approved
- Advisory
- End-to-End
Short-term capital. Structured with discipline.
AVA Capital Plc's Commercial Paper (CP) Service provides corporate clients with a structured and efficient way to raise short-term funding from the capital market through the issuance of secured (asset-backed) or unsecured promissory notes.
We support our clients' end-to-end business advisory needs - from transaction structuring and regulatory liaison to capital raise and investor allocation - enabling businesses to access working capital quickly and cost-effectively.
Everything the issuance needs. In one programme.
- Short-term debt instrument - Typical tenors of 30 to 364 days, aligned to your working capital and receivables cycle.
- Secured or unsecured notes - Issued as asset-backed or unsecured promissory notes, structured to match issuer profile and investor appetite.
- SEC-approved programme - Every issuance sits inside a SEC-approved Commercial Paper Programme, giving issuers a disciplined framework.
- End-to-end execution - Advisory, structuring, documentation, regulatory liaison, roadshow and allocation - handled by one team.
- Wide investor network - Direct access to a deep pool of institutional and high-net-worth investors across Nigeria's capital markets.
- Flexible size & pricing - Issuance size and tenor structured to your needs, priced competitively to prevailing market conditions.
What issuers get with AVA CP.
- Lower cost of funding compared to traditional bank loans
- Faster access to capital versus long-form debt processes
- Flexible funding structure tailored to business needs
- Enhances corporate credibility in the capital markets
- Diversifies funding sources beyond banking relationships
- Efficient working capital and liquidity management
Seven reasons corporates issue with us.
- Raise short-term capital without relying on bank loans
- Access competitive market-driven funding rates
- Execute quickly with expert advisory support
- Tap into a strong institutional investor network
- Flexible structuring to match your cash flow cycle
- Strengthen your presence in the capital market
- End-to-end support from structuring to issuance
Built for six corporate jobs to be done.
- 01
Short-term working capital
- 02
Alternative to expensive bank loans
- 03
Liquidity & cash flow support
- 04
Flexible operational financing
- 05
Funding source diversification
- 06
Faster capital market access
One programme. Multiple issuers.
- Corporate Organisations - Established corporates seeking a disciplined route to short-term, market-priced capital.
- Large SMEs - Growth-stage businesses with strong cash flows and clear working-capital cycles.
- Financial Institutions - Banks and non-bank FIs diversifying funding sources and managing liquidity.
- Conglomerates - Multi-business groups optimising treasury and inter-cycle funding across subsidiaries.
- Established Businesses - Mature issuers with short-term funding needs and predictable receivables.
From engagement to allocation. Six disciplined steps.
- 01
Engagement
Client engagement and funding assessment to define the raise objective and structure.
- 02
Structuring
Structuring the terms of the Commercial Paper issuance and preparing transaction documents.
- 03
Approvals
Regulatory approvals with SEC and other authorities, where required.
- 04
Roadshow
Roadshow and investor engagement to build the order book across institutional and HNI investors.
- 05
Allocation
Offer open and close, price discovery and investor allocation of the paper.
- 06
Post-Issuance
Ongoing post-issuance support, reporting and monitoring through the life of the paper.
Structure & terms.
- Instrument
- Promissory Note
- Structure
- Secured or Unsecured
- Tenor
- 30 - 364 Days
- Framework
- SEC-Approved CP Programme
- Pricing
- Market-Driven
Short-term. Strategic.
Commercial Paper is positioned as a strategic short-term funding tool for corporates with strong cash flows, offering a market-priced alternative to traditional bank borrowing.
Raise short-term capital with confidence.
Speak with our Debt Capital Markets team to structure a Commercial Paper programme aligned to your funding, tenor and investor strategy.
All Commercial Paper issuances are structured within a SEC-approved Commercial Paper Programme. Pricing, tenor and issuance size are subject to prevailing market conditions and regulatory requirements. Nothing on this page constitutes investment advice.
