DLM SPV Lists N9bn AAA-Rated Notes on FMDQ Exchange

DLM SPV Plc has announced the listing of N9 billion AAA-rated notes on the FMDQ Exchange, comprising N7.30 billion from Series 1 and N1.70 billion from Series 3 tranches. This issuance is part of a broader N30 billion medium-term note program aimed at transforming Nigeria's corporate bond landscape.

The dual tranche structure is designed to offer investors varied risk-return profiles and mobilize domestic capital to stimulate economic activity. Dr. Sonni Ayer, Group Chief Executive Officer of DLM Capital Group, highlighted the historical significance of this listing, noting that the premium price of the Series 1 tranche, valued at N112.14, underscores its status as a valuable AAA corporate bond in Nigeria.

Mr. Nwabu Okonkwo, Managing Director of DLM Advisory Limited, expressed satisfaction with the successful subscription of the Series 1 issuance and indicated plans to leverage this success to provide more liquid varieties in the Nigerian capital market, thereby enhancing liquidity and innovation in future issuances.