Polysmart Packaging Group has recorded a strong wave of investor confidence following its recent $60 million expansion, further cementing its position within Nigeria’s growing green economy.
The expansion, which established the company as the operator of one of the largest and most advanced recycling plants in West Africa, has been followed by a major financing milestone. Its subsidiary, Polysmart SPV Limited, successfully concluded a Non-Interest Commercial Paper (NICP) issuance that attracted total subscriptions of N13 billion.
The issuance exceeded its initial N10 billion offer size, achieving a 30 percent oversubscription, an outcome analysts say reflects strong investor confidence in the company’s financial strength and long-term growth prospects.
Market observers noted that the capital raise ranks among the most successful commercial paper issuances for working capital in recent Nigerian market cycles, particularly at a time when investors are increasingly selective.
The offer was executed under the company’s N20 billion Non-Interest Commercial Paper Programme and ran from February 18 to February 25, 2026. It drew participation from a broad mix of institutional investors and high-net-worth individuals.
To accommodate varying investment preferences, the issuance was structured into two tenors. The 270-day Series 1 was allotted at a profit rate of 23.25 percent, while the 363-day Series 2 carried a profit rate of 24.10 percent.
The transaction was facilitated by Marble Advisory as Lead Arranger, with Marble Capital serving as Shariah Adviser.
Analysts say the successful fundraising, coming shortly after the company’s expansion drive, highlights Polysmart’s resilience and reinforces its strategic positioning in Nigeria’s manufacturing and sustainability sectors.
