Valency SPV PLC has secured approval to list a ₦4.26 billion, five-year fixed-rate bond carrying an annual interest rate of 21 per cent on the FMDQ Securities Exchange, a move aimed at supporting its financing objectives and expanding investment opportunities in Nigeria’s debt capital market.
FMDQ Securities Exchange Limited announced that its Board Listings and Markets Committee approved the listing of the bond under Valency SPV PLC’s ₦50 billion Bond Issuance Programme.
The Series 1 Fixed Rate Bond has a five-year tenor and an interest rate of 21.00 per cent, providing investors with another fixed-income investment option in Nigeria’s financial market.
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Valency SPV PLC is a special purpose vehicle established to raise capital through the debt capital markets. The bond issuance was sponsored by FirstCap Limited, as Lead Sponsor, and Coronation Merchant Bank Limited. Both institutions are Registration Members (Listings) of FMDQ Exchange.
The proceeds from the bond issuance are expected to support the issuer’s financing objectives and business plans.
Commenting on the listing, Tumi Sekoni, Group Chief Operating Officer of FMDQ Group PLC, said the transaction highlights the importance of the debt capital market in helping issuers secure long-term financing.
Sekoni noted that FMDQ Exchange remains committed to providing a transparent and efficient marketplace that connects issuers with investors through the listing of various fixed-income securities.
According to her, the Exchange continues to support the development of Nigeria’s financial markets by facilitating access to funding and providing investment opportunities across different asset classes.
Exchange Supports Businesses Through Debt Capital Markets
FMDQ Exchange continues to provide a platform for businesses and institutions across different sectors to access the debt capital market to meet their funding requirements.
Such financing can support business expansion, refinancing, infrastructure development and working capital needs, depending on the objectives of individual issuers.
By expanding the range of securities available to investors, the Exchange also supports price discovery, promotes market transparency and strengthens governance standards.
These efforts are aimed at improving investor confidence and encouraging broader participation in Nigeria’s financial markets.
