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Friday, May 24, 2024

DLM Capital Group raises N5.3b commercial paper

LM Capital Group has raised N5.304 billion from  Series 10 and 11 Commercial Paper Notes under its N20 billion CP Issuance Programme.  The round was led by FBNQuest, supported by UCML, DLM Advisory and Afrinvest.

 The 180-day-tenor Series 10 and 268-day-tenor Series 11 were both issued on the 18th of January 2023 with maturity dates of July and October 2023, respectively. 

Group Chief Executive Officer, DLM Capital Group, Sonnie Babatunde Ayere,  noted: “We are thrilled with the overwhelming investor demand and confidence for this financing.This issue will significantly bolster the company’s treasury and has provided a solid foundation for DLM to grow by making funds available to our domestic companies in a variety of sectors and consumers seeking everyday loans. As always transparency is key so, we also look forward to updating investors on our progress in the coming months.”

 Founded in 2009, DLM Capital Group has expanded from its initial investment banking forte to include trusteeship, securities sales and trading, asset management, foreign exchange sales and trading, corporate lending, nominees, and digital banking.

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