{"id":9103,"date":"2026-11-04T16:15:59","date_gmt":"2026-11-04T16:15:59","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/04\/nbet-finance-company-lists-landmark-n728-98bn-bonds-on-fmdq-exchange-businessday-ng\/"},"modified":"2026-11-04T16:15:59","modified_gmt":"2026-11-04T16:15:59","slug":"nbet-finance-company-lists-landmark-n728-98bn-bonds-on-fmdq-exchange-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/04\/nbet-finance-company-lists-landmark-n728-98bn-bonds-on-fmdq-exchange-businessday-ng\/","title":{"rendered":"NBET Finance Company lists landmark N728.98bn bonds on FMDQ Exchange – Businessday NG"},"content":{"rendered":"

FMDQ Securities Exchange Limited has approved the listing of NBET Finance Company Plc N402billion 7-Year Series 2 Tranche A Fixed Rate Bond and N326.98 billion 7-Year Series 2 Tranche B Fixed Rate Bond under its N4 trillion Multi-Instrument Issuance Programme on its platform.<\/p>\n

With an aggregate issuance size of N728.98 billion, this transaction represents a significant milestone in the Nigerian debt capital market, highlighting its capacity to facilitate large-scale financing to address critical infrastructure needs. The listing, approved by the Exchange\u2019s Board Listings and Markets Committee and sponsored by CardinalStone Partners Limited, a Registration Member (Listings) of FMDQ Exchange, further reinforces FMDQ Exchange\u2019s role in supporting strategic financing initiatives and deepening Nigeria\u2019s debt capital market.<\/p>\n

NBET Finance Company Plc, established by the Nigerian Bulk Electricity Trading Plc, serves as a special purpose vehicle for structured capital market financing for Nigeria\u2019s power sector. Nigerian Bulk Electricity Trading Plc, a Federal Government entity supervised by the Federal Ministry of Power, plays a pivotal role in Nigeria\u2019s electricity market as the primary off-taker, purchasing power from Generation Companies (GenCos) and selling to Distribution Companies, thereby supporting commercial transactions across the electricity value chain.<\/p>\n

Akinola Odeyemi,\u00a0managing director, NBET said, \u201cWe are pleased to mark the listing of the N728.97 billion Series 2 Power Sector Bond on FMDQ Exchange, representing another significant milestone in the ongoing efforts to restore liquidity and strengthen the financial sustainability of Nigeria\u2019s power sector. The proceeds will help settle outstanding legacy debts owed to GenCos, improve liquidity across the electricity value chain, and support enhanced operational efficiency and a more reliable electricity supply nationwide. Building on the successful listing of Series 1, this achievement underscores the Federal Government\u2019s sustained commitment to addressing legacy obligations and advancing reforms in the power sector. We look forward to sustaining this momentum through subsequent phases of the programme and supporting the long-term development of Nigeria\u2019s electricity market.\u201d<\/p>\n

Michael Nzewi, group managing director, CardinalStone Partners Limited said, \u201cBuilding on the successful listing of Series 1, this milestone marks another significant achievement for CardinalStone and reflects the depth of expertise, disciplined execution and collaborative effort behind this landmark transaction. Beyond the listing, it underscores the transformative role of capital markets in mobilising long-term financing to address critical infrastructure needs and support sustainable economic development. At CardinalStone, we remain committed to delivering innovative financing solutions, unlocking capital for strategic sectors and contributing to the continued growth and deepening of Nigeria\u2019s capital markets.\u201d<\/p>\n

Tumi Sekoni, group chief operating officer, FMDQ Group Plc said, \u201cThe listing of NBET Finance Company Plc\u2019s N728.98 billion Series 2 Fixed Rate Bonds further demonstrates the capacity of Nigeria\u2019s debt capital market to mobilise long-term financing for critical infrastructure development. By facilitating transactions of this scale, FMDQ Exchange continues to demonstrate its commitment to supporting innovative financing solutions that contribute to infrastructure development and economic growth. We remain focused on providing a credible and efficient marketplace that enables capital mobilisation, strengthens market confidence, and advances the development of Nigeria\u2019s financial markets.\u201d<\/p>\n

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\n\t\t\t\t\t\t\tIheanyi Nwachukwu<\/a><\/strong><\/p>\n

Iheanyi Nwachukwu, is a creative content writer with over two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Deputy Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
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\nIheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
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\nOther trainings Iheanyi attended include: Economic\/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

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

FMDQ Securities Exchange Limited has approved the listing of NBET Finance Company Plc N402billion 7-Year Series 2 Tranche A Fixed Rate Bond and N326.98 billion 7-Year Series 2 Tranche B… <\/p>\n","protected":false},"author":1,"featured_media":9104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9103","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\/9103","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=9103"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/9103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/9104"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=9103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=9103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=9103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}