DLM SPV lists N9bn AAA-rated notes on FMDQ

FMDQ Securities Trade Restricted has formally introduced the approval and itemizing of the DLM SPV PLC N7.30bn Sequence 1 (Tranche A) and N1.70bn Sequence 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes which units the benchmark within the Company Bond Market.

The issuance, a part of a N30.00bn medium-term notice programme, marks a major shift within the Nigerian company bond panorama.

The twin-tranche construction was designed to supply traders differentiated risk-return profiles whereas mobilising home capital for productive financial actions. The itemizing reinforces FMDQ Trade’s place as a premier vacation spot for progressive debt devices.

Commenting on the landmark achievement, the Group Chief Govt Officer of DLM Capital Group, Dr Sonnie Ayere, highlighted the historic pricing of the instrument.

He stated, “The itemizing and premium pricing of the DLM Sequence 1 Tranche A Bond at N112.14, making it probably the most useful AAA company bond in Nigeria, is a defining milestone, not only for DLM Capital Group however for the evolution of Nigeria’s fixed-income market.”

Ayere additional emphasised that the market’s reception validates the agency’s concentrate on high-quality, de-risked funding merchandise.

“Reaching AAA/AAA credit score scores from International Credit score Score and DataPro Restricted, and commanding benchmark pricing, underscores the market’s recognition of its sturdy credit score construction, disciplined threat framework, and the sovereign-level credit score safety underpinning the instrument,” he added.

The transaction was managed by DLM Advisory Restricted, which served because the Monetary Adviser and Transaction Structurer.

Reflecting on the subscription success, the Managing Director of Funding Banking at DLM Advisory Restricted, Mr Nwabu Okonkwo, stated, “DLM Advisory Restricted is delighted to have acted as Monetary Adviser, Transaction Structurer, and Joint Issuing Home. The promoter’s strong company profile and the bond’s robust credit standing had been evident within the pricing and subscription of the Sequence 1 issuance.”

Wanting forward, the group intends to leverage this success to offer additional liquidity and selection to the Nigerian capital market.

“Constructing on this momentum, DLM is strategically positioned to develop its issuance, deepen liquidity throughout future Sequence, and proceed delivering progressive, high-quality devices that strengthen the Nigerian capital markets,” Ayere concluded.

FMDQ Trade continues to facilitate such capital formations, sustaining a regulatory framework that helps infrastructure growth and sectoral diversification throughout the Nigerian financial system.

The Nigerian fixed-income market is presently present process a strategic evolution, transferring from conventional company issuance towards extra advanced, de-risked devices. In an setting outlined by inflationary pressures and financial volatility, traders are more and more prioritising safety. The DLM SPV Plc issuance represents a crucial shift by bridging the hole between high-yield company debt and the relative security of sovereign belongings.