Commercial paper,
a step up in yield.
Short-dated debt issued by companies to fund their operations. It pays more than Treasury bills because you take on the issuer's credit risk — see the extra yield before you decide.
- 22.01%
- best yield, 270-day
- 3
- tenors to choose from
Commercial paper yields
by tenor · liveHow much extra you're paid.
The spread over a Treasury bill of similar length is the market's price for company credit risk. Live, for every tenor.
90 to 270 days. Your call.
See what your naira becomes.
Enter an amount and a tenor. The numbers use today's live indicative price.
- Return
- +₦162,790.70
- Annualised yield
- 22.01%
- Price today
- ₦86.00 per ₦100
Illustrative, at today's indicative price if held to maturity. Excludes fees and tax.
More yield is never free.
Credit risk
Commercial paper is unsecured company debt. If the issuer cannot pay, you can lose some or all of what you put in.
Not a deposit
It is not a bank deposit and is not covered by deposit insurance. Spread your money rather than concentrating it.
Selling early
You can sell before maturity on the order book, but the price then depends on the market and can be below what you paid.
Good to know.
Short-term debt that companies issue to fund day-to-day operations, typically for up to 270 days. Like a Treasury bill, it is bought at a discount to its face value.
Earn more with eyes open.
Open an account in minutes and compare paper against bills before you commit a naira.