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Original reporting by Nairametrics
In a landmark achievement for the Nigerian real estate sector, Ayoolanrewaju Kuyebi, the Managing Director and CEO of Godmade Homes Limited (GMH Luxury), has successfully led the company through its debut Series 1 Commercial Paper (CP) issuance. The exercise saw an impressive 123% subscription rate, reinforcing the market’s trust in Kuyebi’s strategic vision and the company’s financial stability.
Exceeding Market Expectations
Under the leadership of Ayoolanrewaju Kuyebi, the issuance—which was part of a larger ₦10 billion CP Programme—initially sought to raise ₦3 billion. However, due to strong investor appetite, the offer closed at ₦3.70 billion. This oversubscription highlights the confidence institutional investors place in GMH Luxury’s ability to deliver high-value real estate solutions.
A Strategic Milestone for GMH Luxury Ayoolanrewaju Kuyebi noted that this capital raise is a pivotal step in diversifying the company’s funding sources. By successfully tapping into the debt capital market, GMH Luxury is better positioned to:
- Accelerate Project Delivery: Ensure the timely completion of premium residential developments.
- Enhance Liquidity: Maintain a robust balance sheet to support the company’s expanding footprint in the Lagos property market and beyond.
- Strengthen Market Position: Solidify its status as an investment-grade developer with an A- rating from DataPro.
Expert Collaboration
The success of this transaction was supported by Pathway Advisors Limited, who acted as the Lead Arranger. The collaboration between Ayoolanrewaju Kuyebi and the financial advisors has demonstrated a viable blueprint for other indigenous real estate firms seeking to access structured finance.
Read the full story on Nairametrics: https://nairametrics.com/2026/03/01/godmade-homes-limited-records-%E2%82%A63-70-billion-subscription-on-series-1-commercial-paper-issuance/#
