DLM Capital Group hasannounced the opening of book building for the Series 1 Sovereign Bond-Backed Composite Notes SBCNs, issued under its 30 Billion Medium-Term Note Programme, designed to address critical economic needs and deepen Nigerias capital markets.
Elaborating on the offer, the company said: This Innovative offering introduces the worlds first public issuance of Sovereign Bond-Backed Composite Notesa landmark structure offering investors AAA-rated credit quality and full sovereign credit risk protection, backed by Federal Government of Nigeria FGN bond cashflows.
The Series 1 SBCNs provide a compelling hold-to-maturity HTM yield of up to 47.07 per annum, significantly outperforming standard government or other bonds. The offering is open from July 1 to July 14, 2025. The notes, issued by DLM Funding SPV PLC and sponsored by DLM Capital Group, have a 10-year tenor, maturing in 2035, with an average life of 5.5 years. They are rated AAA by both Global Credit Rating GCR and DataPro Ratings.
Speaking at the unveiling ceremony held at DLM Capital Group Headquarters on 18th June 2025, Dr. Babatunde Sonnie Ayere, Group CEO of DLM Capital Group, stated This bond was created to address the growing demand for innovative, secure, and high-yield investment opportunities in the Nigerian capital markets.