FMDQ admits power firm’s N50bn green bond | Dailytrust

FMDQ admits power firm’s N50bn green bond

FMDQ Securities Exchange Limited
FMDQ Securities Exchange Limited

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.

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.”

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410