MeCure Industries Successfully Redeems N3bn Bond, Reinforces Financial Strength

Nume Ekeghe

MeCure Industries Plc, a leading pharmaceutical manufacturer in Nigeria, has announce the 

successful and full redemption of its N3 billion Senior Secured Bond (Series 1) issued under its N20 billion Debt Issuance Programme.

The bond, originally issued on 14th May 2021, marked the company’s debut transaction in the Nigerian capital market. 

The full repayment underscores MeCure’s strong financial discipline, robust cash flow 

management, and commitment to meeting its obligations to investors.

Speaking on the milestone, the Chief Financial Officer of MeCure Industries Plc, Ifedamola Oluwasegun commented: “The successful redemption of our Series 1 bond is a significant achievement for MeCure. It reflects not only our financial resilience but also the confidence that the capital markets placed in us during our debut issuance. “We are proud to have honored this obligation in full and on schedule.”

He added: “The company delivered a solid performance in 2025, driven by operational efficiency, expanded market reach, and continued investment in manufacturing capabilities. As we look ahead, we are  optimistic about 2026, with a strong pipeline of opportunities that will support sustainable growth and  long-term value creation.”

Since its issuance, he said the bond has played a key role in supporting MeCure’s strategic initiatives, including  capacity expansion, product development, and strengthening its distribution network across Nigeria and export markets.

“This milestone reinforces MeCure’s position as a credible and disciplined issuer in the Nigerian capital market, setting a strong foundation for future engagements with investors as the company continues to pursue its growth ambitions,” he said.