DLM SPV lists N9bn AAA-rated notes on FMDQ Exchange
FMDQ Securities Exchange Limited has approved and listed the DLM SPV PLC N7.30bn Series 1 (Tranche A) and N1.70bn Series 3 (Tranche B) notes, marking a significant step in Nigeria’s corporate bond market. The issuance is part of a N30.00bn medium-term note programme and is designed to offer investors a range of risk-return profiles. Dr Sonnie Ayere, Group CEO of DLM Capital Group, highlighted the bond’s historic pricing and strong market reception. The transaction was managed by DLM Advisory Limited, with plans to further expand and innovate in the Nigerian capital market.
TLDR
- FMDQ Exchange has listed DLM SPV PLC’s N7.30bn Series 1 and N1.70bn Series 3 notes, both AAA-rated.
- The bond is part of a N30.00bn medium-term note programme aimed at mobilising domestic capital.
- Dr Sonnie Ayere described the N112.14 pricing of Series 1 Tranche A as a milestone for Nigeria’s fixed-income market.
- The notes achieved AAA/AAA ratings from Global Credit Rating and DataPro Limited, reflecting strong credit quality.
- DLM plans to expand future issuances and deepen liquidity in the Nigerian capital market.
