Godmade Homes Records Milestone Subscription to Series 1 CP Issuance

Godmade Homes Limited has successfully concluded the issuance of its N3.70 billion Series 1 Commercial Paper (CP) under its N10 billion Commercial Paper Programme, marking a significant milestone in the Company’s participation in Nigeria’s debt capital market.

Issued in January 2026 and initially offered at N3.0 billion, the Series 1 CP recorded strong investor demand and was subscribed at 123% of the offer, representing a 23% oversubscription, with total subscriptions reaching N3.70 billion. The outcome underscores strong market confidence in GMH’s business model, development pipeline, and governance framework.

Commenting on the successful transaction, Managing Director of Godmade Homes Limited, Mr. Ayoolanrewaju Kuyebi, stated: “Our participation in the capital market represents an important step in our growth strategy and reinforces our commitment to delivering affordable, high-quality housing solutions across Nigeria. The strong subscription reflects investor confidence in our credit profile, business strategy, operational performance, and project execution capabilities.

“The proceeds from this issuance will be deployed toward completing our ongoing projects and for general corporate purposes, ensuring the timely delivery of quality homes to our customers.

“We are grateful to our investors for their trust and to Pathway Advisors Limited, the Financial Adviser, Transaction Sponsor, and Lead Arranger, for their professionalism and guidance throughout this process. This transaction positions GMH Luxury for its next phase of expansion as we continue to contribute meaningfully to Nigeria’s housing ecosystem.”

Also speaking on the transaction, Founder/CEO of Pathway Advisors Limited, Mr. Adekunle Alade added, “We are proud to have advised Godmade Homes Limited on the successful CP issuance. The subscription level demonstrates strong creditworthiness, robust liquidity management, market trust, and a sustainable growth strategy. We sincerely thank investors, including asset managers, insurance firms, and other institutional investors, for their confidence and trust in GMH. We also appreciate the Board and Management of Godmade Homes Limited for entrusting us with this transaction.”

He further reaffirmed Pathway Advisors Limited’s commitment to supporting credible companies in accessing both short-term and long-term funding within the Nigerian capital market.