In a major boost to Nigeria’s capital market, DLM Capital Group has successfully raised ₦9 billion through its Series 1 Sovereign Bond-Backed Composite Notes due in 2035, under a ₦30 billion Medium-Term Note Programme.
The issuance, rated AAA, attracted strong interest from institutional investors, including pension funds, development finance institutions, asset managers, and high-net-worth individuals. The funds will be used to invest in Federal Government of Nigeria bonds and support underserved small and medium-scale enterprises, reinforcing DLM’s commitment to driving inclusive economic growth.
According to the Group, the structure of the notes helps de-risk private credit, providing safer access to capital for investors while channeling funds into productive sectors of the economy. This innovative approach not only enhances investor protection through sovereign support but also contributes to Nigeria’s goal of achieving a $1 trillion GDP by stimulating SME development and financial inclusion.
The ₦9 billion issuance represents the first tranche of the ₦30 billion programme, which is expected to further deepen Nigeria’s capital markets, support capital formation, and strengthen the country’s fixed-income investment landscape. The strong reception from investors highlights increasing confidence in structured instruments that balance return and security, and reaffirms DLM Capital Group’s reputation as a trusted partner in innovative financial solutions.