Raedial Farms raises N1.1bn from capital market

Raedial-Farms

Raedial Farms Limited (RFL) has closed a deal to raise additional N1.1 billion 15% Series II Senior Secured Fixed Rate Medium-term Bond in the capital market.

The fund is to be used as working capital to optimise production at their 1500 hectares of Oil Palm Farm dedicated to seedling, planting, and processing Fresh Fruit Bunches of palms to produce sustainable crude palm oil (CPO) and palm kernel oil (PKO).

The current funding from the Nigerian capital market was facilitated by the team at Boston Advisory with a wealth of experience and a deep understanding of the Nigerian Debt Capital Market.

Read more from the source- THE NATION