Description
Commercial Papers (“CPs”) are unsecured short-term debt instruments issued by corporates to raise funds from the public to meet short-term debt obligations such as working capital needs.
Features
- CPs are issued at discount rates, which may be paid upfront or capitalized.
- Individuals, firms, companies, and financial institutions are eligible to invest in treasury bills.
- Discount rate is usually reflective of the credit rating of the issuer
- The repayment of the bill is made at par on the maturity of the term.
Benefits
- Interest earned is tax-exempt.
- Since certificates are issued for CP investments, they can be used as collateral or as evidence of investment for visa application.
- Opportunity to purchase better-yielding instruments than other available risk-free instruments.
How To Invest
Simply send an email to brokerageteam@afrinvest.com, or reach out to any of the contacts below:
| Lagos: | Deborah +234-8035223512 |
| Port Harcourt: | Taiwo +234-8087184771 |
| Abuja: | Bola +234-9095041827 |
Frequently Asked Questions
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