FMDQ Securities Exchange Limited has welcomed the listing of the NSP-SPV PowerCorp PLC N6.33 billion Fixed Rate Series 2 Senior Unsecured Green Bonds under its N50b Bond Issuance Programme.
The admittance is to its platform following the approval of its Board Listings and Markets Committee.
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The proceeds from this issuance will be used to fund the development of 15 megawatts (MW) pre-phase 1 solar project and the transmission evacuation infrastructure for NSP PowerCorp PLC.
Speaking on the successful issuance of the bond, the Executive Vice Chairman/Chief Executive Officer, North South Power Company Ltd, Engr. Olubunmi Peters, said: “This landmark transaction reinforces our belief and commitment in promoting clean energy generation in Nigeria.
“It also demonstrates growing investor confidence in our business, management team and long-term strategy.”
The Chief Executive Officer, FMDQ Group, Mr Bola Onadele Koko said, “This transaction further proves that the programme’s effort towards developing a vibrant green bond market are gaining traction as more corporates and sub-nationals are beginning to explore green debt financing opportunities to raise capital towards pipelines of eligible projects.”
