AG Mortgage Bank Plc has successfully raised N3.97 billion through the Series 2 and 3 issuance of its N5 billion Commercial Paper programme. The issuance, which ran from June 10 to June 18, achieved a 100 percent subscription rate. The notes, issued at gross implied yields between 22.5 percent and 24 percent with tenors of 270 and 364 days, will support the bank’s short-term working capital and expand its mortgage financing operations. FSDH Capital Limited served as the lead arranger for the transaction.