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MAX floats N10b bond
Metro Africa Xpress (MAX) has successfully raised N400 million through a one-year fixed rate series 1 bond, blazing the trails as the first mobility company in Africa to issue a bond. The N400 million series 1 bond was issued under the newly structured N10 billion or $22 million private company bond programme. Despite the challenging…
Read MoreMAX.ng issues $22m bond to grow financing for 2, 3-wheelers
Metro Africa Xpress (MAX.ng), the leading mobility platform in Nigeria and West Africa, has announced the successful issuance of a N400-million 1-year fixed-rate notes (the N400m Series 1 Bond) under its newly structured N10bn/$22m Private Company Bond programme (PCB Programme). The N400 million Series 1 Bond is MAX.ng’s first-ever bond issuance and the first bond issued…
Read MoreCIPRMP: DLM CEO, Sonnie Ayere awarded fellowship by Ghanaian institute
CIPRMP: The Chartered Institute of Public Resources Management and Politics, a Ghanaian based institute, has inducted Sonnie Ayere the Group CEO of DLM Capital, into its 2020 Fellowship Hall of Fame. This was in recognition of his outstanding role towards the socio-economic development of Nigeria and his prudent management of national resources. CIPRMP is a…
Read MoreAfCFTA Offers Great Opportunity for Capital Market Players, Says Ayere
Capital Market: The Chief Executive Officer of the DLM Capital Group, Mr. Sonnie Ayere, has called on actors in the Nigerian capital to make the most out of the opportunity offered by the African Continental Free Trade Area (AfCFTA) agreement to make the continent’s financial market their focus. Ayere, made a call recently when the…
Read MoreDLM’s Helmsman Ayere Conferred Fellowship of Ghana’s Chartered Institute of Public Resources Management And Politics
Group CEO of DLM Capital Sonnie Ayere has been inducted into the 2020 fellowship hall of fame of the Chartered Institute of Public Resources Management And Politics (CIPRMP), Ghana, a fellowship testament to his exceptional role in Nigeria’s socio-economic development and his prudent management of National resources, the institute said. The Advisory Board and Governing…
Read MorePrimero; Second Future-Flow- Securitization in Nigeria
Securitization in Nigeria DLM Advisory Partners (DLMAP) successfully arranged and issued a second future flow securitization in the Nigerian Capital Markets with the securitisation of Primero Transport Services Limited’s (“PTSL”) Bus Rapid Transit System (BRTS) ticket receivables, under a N100 billion medium term bond programme. At the time of closing the N16.5 billion Series 1…
Read MorePrimero pays its first principal and interest instalment.
Primero BRT Securitisation SPV Plc (PBSP), under its Future Flow Securitisation of Bus Rapid Transit System (BRTS) ticket receivables has paid its first scheduled Semi-Annual payment for the N16.50billion Series 1 Bonds. All payments constitute interest and principal due as of the 15th of November 2019. Following these payments, the aggregate principal outstanding for the…
Read MoreCERPAC pays its second principal and interest instalment.
CERPAC Receivables Funding SPV Plc. (CRFS), under its Future Flow Securitisation of Expatriate Receivables has paid its second scheduled Semi-Annual payment for the N4.877 billion discrete and the N12.5 billion Series 1 Bonds, as well as the first scheduled Semi-Annual payment for the N1.6 billion Series 2 Bonds. All payments constitute interest and principal due…
Read MoreStakeholders Launch Firm to Fund Mortgage Banking Sector
Primero Second Future Flow Securitization in Nigeria
Securitization in Nigeria: DLM Advisory Partners (DLMAP) successfully arranged and issued a second future flow securitization in the Nigerian Capital Markets with the securitisation of Primero Transport Services Limited’s (“PTSL”) Bus Rapid Transit System (BRTS) ticket receivables, under an N100 billion medium-term bond programme. At the time of closing the N16.5 billion Series 1 bond,…
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