ENERGY FIRM SECURES FMDQ LISTING FOR N15BN BOND

A prominent energy company has obtained approval from the FMDQ Securities Exchange for the listing of its N15 billion corporate bond.

The company announced the development on Friday, marking a significant step in its capital raising efforts.

Proceeds from the bond issuance will be deployed towards infrastructure expansion, renewable energy projects, and other strategic initiatives to strengthen its operations in Nigeria’s power sector.

Executives of the firm described the FMDQ listing as a testament to investor confidence in the company’s prospects and governance standards.

Market watchers see the move as encouraging for corporate bond issuance in the energy sector, providing diversified funding options beyond traditional bank loans.

The listing is expected to deepen the fixed income market and offer investors attractive opportunities in the evolving Nigerian energy landscape.