Energy Firm Secures N15 Billion Bond Listing on FMDQ

FMDQ Securities Exchange Limited has officially approved and listed a N15.00 billion (approximately $9.2 million) Series 1 Fixed Rate Bond for Paras Energy Funding SPV Plc. This listing, executed under the company's N25.00 billion Bond Issuance Programme, marks a significant step in financing critical infrastructure within Nigeria's energy sector.

Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ Group Plc, highlighted the crucial role of capital markets in driving development. "The listing of Paras Energy Funding SPV PLC’s N15.00bn Series 1 Fixed Rate Bond on FMDQ Exchange reflects the important role the debt capital markets play in financing Nigeria’s power sector," Sekoni stated. She emphasized FMDQ Exchange's commitment to connecting credible issuers like Paras Energy Funding with investors to foster long-term growth.

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The listing of Paras Energy Funding SPV PLC’s N15.00bn Series 1 Fixed Rate Bond on FMDQ Exchange reflects the important role the debt capital markets play in financing Nigeria’s power sector.

Paras Energy Funding SPV Plc is a special purpose vehicle established to meet the capital market financing needs of the Paras Energy Group. This independent power generation company supplies electricity to Nigeria's national grid, industrial clusters, and private off-takers. The proceeds from this bond issuance are earmarked for financing power generation projects, expanding essential infrastructure, and refinancing existing debt obligations to improve the reliability of electricity supply across the country.

Nigeria's power sector continues to grapple with significant liquidity constraints and infrastructure deficits. Consequently, private sector investments and capital market interventions are deemed critical to bridging the nation's energy supply gap. The transaction was notably sponsored by Rand Merchant Bank Nigeria Limited, with FCMB Capital Markets Limited also acting as Registration Members (Listings) of the Exchange. FMDQ Exchange reiterated its dedication to enhancing Nigeria's financial ecosystem through innovation, robust governance, and operational transparency.

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As the country continues to prioritise reliable and sustainable energy infrastructure, FMDQ Exchange remains committed to connecting credible issuers like Paras Energy Funding with the investors needed to drive long-term growth through its trusted platform.