Viral • 54m ago
DLM SPV lists N9bn AAA-rated notes on FMDQ
**Nigeria's Corporate Bond Market Hits New Heights with N9bn AAA-Rated Notes Listing**
In a significant milestone for Nigeria's financial sector, FMDQ Securities Exchange Limited has officially listed the DLM SPV PLC's N9 billion AAA-rated notes on its platform. This achievement showcases the country's growing corporate bond market, paving the way for more innovative debt instruments.
The listing is part of a N30 billion medium-term note programme, marking a major shift in the corporate bond landscape. The dual-tranche structure offers investors varied risk-return profiles while mobilising domestic capital for productive economic activities. This reinforces FMDQ Exchange's position as a leading destination for innovative debt instruments in Nigeria.
The DLM SPV PLC's achievement is a defining moment for the Nigerian fixed-income market. According to Dr Sonnie Ayere, Group Chief Executive Officer of DLM Capital Group, the premium pricing of the instrument, which made it the most valuable AAA corporate bond in Nigeria, is a testament to the company's focus on high-quality, de-risked investment products.
The instrument achieved AAA/AAA credit ratings from Global Credit Rating and DataPro Limited, and commanded benchmark pricing, validating the market's recognition of DLM Capital Group's robust credit structure and disciplined risk framework.
The successful transaction was managed by DLM Advisory Limited, which served as the Financial Adviser and Transaction Structurer. According to Mr Nwabu Okonkwo, Managing Director of Investment Banking at DLM Advisory Limited, the promoter's solid corporate profile and the bond's strong credit rating were key factors in the subscription success.
This achievement highlights the growing confidence of investors in the Nigerian economy and the potential for corporate bonds to mobilise domestic capital for productive economic activities. As the country continues to evolve, this milestone demonstrates the importance of innovative financial instruments in driving economic growth and development.