Lagos, Nigeria – March 1, 2026

Godmade Homes Limited (“GMH Luxury”) has successfully concluded its ₦3.70 billion Series 1 Commercial Paper (CP) issuance, the first under its ₦10 billion Commercial Paper Programme. The issuance, which was initially targeted at ₦3 billion, recorded a robust 123% subscription, translating to a 23% oversubscription and total subscriptions of ₦3.70 billion. This significant achievement underscores strong investor confidence in the company’s governance, credit profile, and development pipeline.

The Series 1 CP, issued in January 2026, will be instrumental in supporting the completion of Godmade Homes’ ongoing projects and general corporate purposes. This strategic move positions GMH Luxury for its next phase of expansion, reinforcing its commitment to delivering modern, sustainable, and affordable housing solutions across Nigeria.

Ayoolanrewaju Kuyebi, Managing Director of Godmade Homes Limited, commented on the success of the issuance, stating, “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.”

Kuyebi further elaborated on the deployment of the funds: “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.”

Pathway Advisors Limited, represented by its Founder/CEO, Adekunle Alade (FCA), expressed pride in advising Godmade Homes Limited. Alade noted, “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.”

Alade reaffirmed Pathway Advisors Limited’s dedication to assisting credible companies in accessing both short-term and long-term funding within the Nigerian capital market.