Energy firm secures FMDQ listing for N15bn bond
July 24, 2026 12:12 am
The Group Chief Operating Officer of FMDQ Group Plc, Ms Tumi Sekoni
By Jide Ajia
FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00bn 5-year 18.00 per cent Series 1 Fixed Rate Bond on its platform.
The listing, executed under the company’s N25.00bn Bond Issuance Programme, followed approval by the Exchange’s Board Listings and Markets Committee.
Commenting on the listing, the Group Chief Operating Officer of FMDQ Group Plc, Ms Tumi Sekoni, emphasised the role of capital markets in driving critical infrastructure 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.
“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,” Sekoni said.
Paras Energy Funding SPV Plc is a special purpose vehicle established to support the capital market financing needs of the Paras Energy Group, an independent power generation company supplying electricity to Nigeria’s national grid, industrial clusters, and private off-takers.
According to the company, proceeds from the bond issuance will be deployed to finance power generation, expand critical infrastructure, and refinance existing debt obligations to enhance electricity reliability across the country.
Nigeria’s power sector continues to face liquidity constraints and infrastructure deficits, making private sector investments and capital market interventions critical to bridging the nation’s energy supply gap.
The transaction was sponsored by Rand Merchant Bank Nigeria Limited as the lead sponsor, alongside FCMB Capital Markets Limited, both acting as Registration Members (Listings) of the Exchange.
FMDQ Exchange reaffirmed its commitment to strengthening Nigeria’s financial ecosystem through market innovation, strong governance, and operational transparency, reinforcing its position as a preferred venue for long-term debt capital.
Jide, a seasoned journalist with over 12-year experience, reports business-related stories
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