{"id":4111,"date":"2026-10-30T11:01:56","date_gmt":"2026-10-30T11:01:56","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/cardinalstone-leads-listing-of-%e2%82%a6728-98-billion-power-sector-bonds-on-ngx-and-fmdq-businessday-ng\/"},"modified":"2026-10-30T11:01:56","modified_gmt":"2026-10-30T11:01:56","slug":"cardinalstone-leads-listing-of-%e2%82%a6728-98-billion-power-sector-bonds-on-ngx-and-fmdq-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/cardinalstone-leads-listing-of-%e2%82%a6728-98-billion-power-sector-bonds-on-ngx-and-fmdq-businessday-ng\/","title":{"rendered":"CardinalStone Leads Listing of \u20a6728.98 Billion Power Sector Bonds on NGX and FMDQ \u2013 Businessday NG"},"content":{"rendered":"

Landmark listing marks a defining milestone in the Presidential Power Sector Debt Reduction Programme<\/em>\n<\/p>\n

CardinalStone Partners Limited is pleased to announce the listing of NBET Finance Company Plc\u2019s \u20a6402 billion Tranche A and \u20a6326.979 billion Tranche B Bonds (the \u201cSeries 2 Bonds\u201d) on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited (FMDQ Exchange).\n<\/p>\n

The listing represents another milestone in the implementation of the Presidential Power Sector Debt Reduction Programme. It facilitates secondary market trading in the Series 2 Bonds, supports price discovery and broadens access to Federal Government-guaranteed securities within Nigeria\u2019s domestic debt capital markets.\n<\/p>\n

Commenting on the listing, Michael Nzewi, Group Managing Director, CardinalStone, said: \u201cThe listing of the Series 2 Bonds marks an important step in addressing legacy obligations in Nigeria\u2019s power sector. It facilitates secondary market trading while supporting the broader effort to restore liquidity and enable sustained investment across the power value chain. We are pleased to have contributed our advisory and capital markets expertise to this landmark transaction.\u201d\n<\/p>\n

CardinalStone acted as Lead Financial Adviser and Lead Issuing House on the transaction, supporting the Programme\u2019s objectives of restoring liquidity, strengthening investor confidence and enabling sustainable investment across Nigeria\u2019s power value chain.<\/p>\n

About CardinalStone<\/strong>\n<\/p>\n

CardinalStone is Nigeria\u2019s leading independent investment and multi-asset management firm, providing integrated solutions across advisory, capital markets, asset management, securities trading, trust services, financing, registrar services, and pensions.\n<\/p>\n

With over \u20a67 trillion in capital markets and M&A transactions advised, CardinalStone has established itself as one of Africa\u2019s premier financial institutions. The firm was the first securities house to surpass \u20a62 trillion in transaction value on the Nigerian Exchange and has ranked as the Exchange\u2019s number-one securities firm by value for four consecutive years (2022\u20132025).\n<\/p>\n

CardinalStone\u2019s market leadership has been recognised through numerous industry awards, including Euromoney\u2019s Awards for Excellence (2026), Euromoney\u2019s Market Awards (2024 and 2025), and multiple DealMakers Africa Awards (2026) for excellence in equity advisory and capital markets execution.\n<\/p>\n

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Source: <\/p>\n

Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Landmark listing marks a defining milestone in the Presidential Power Sector Debt Reduction Programme CardinalStone Partners Limited is pleased to announce the listing of NBET Finance Company Plc\u2019s \u20a6402 billion… <\/p>\n","protected":false},"author":1,"featured_media":4112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4111"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/4112"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}