FMDQ Lists N15bn Bond for Nigeria's Power Sector Growth

FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00 billion 5-year 18.00 percent Series 1 Fixed Rate Bond on its platform. This listing is part of the company’s N25.00 billion Bond Issuance Programme and received approval from the Exchange’s Board Listings and Markets Committee.

Ms Tumi Sekoni, Group Chief Operating Officer of FMDQ Group Plc, stated that the listing reflects the critical role of debt capital markets in financing Nigeria’s power sector. The proceeds from the bond will be used to finance power generation, expand infrastructure, and refinance existing debts to improve electricity reliability in Nigeria.

The power sector faces liquidity constraints and infrastructure deficits, making private sector investments essential. The transaction was sponsored by Rand Merchant Bank Nigeria Limited and FCMB Capital Markets Limited, both acting as Registration Members of the Exchange.

FMDQ Exchange aims to strengthen Nigeria’s financial ecosystem through market innovation and operational transparency.