Parthian Partners Limited has announced the full and successful redemption of its N10 billion 3-year fixed-rate senior unsecured short-term bond, reaffirming its commitment to investor confidence and financial discipline.
The bond, issued under the FMDQ Securities Exchange’s short-term bond framework, was part of Parthian’s landmark debt issuance programme launched in August 2022. The redemption marks a significant milestone for the firm, reflecting its strong financial position and fulfilment of obligations to investors.
The bond, issued at a coupon rate of 13.50% and fully subscribed by a wide range of institutional investors, was the first of its kind by an interdealer broker in the Nigerian capital market. Over its three-year term, it earned praise for timely coupon payments and consistent delivery, reinforcing investor confidence in Parthian’s financial strength and reliability.
Commenting on the successful bond redemption, Oluseye Olusoga, Managing Director/CEO of Parthian Partners, said: “We are proud to have fulfilled all our obligations to investors as promised. This full repayment demonstrates our financial discipline and unwavering commitment to delivering long-term value. As we look ahead, we remain focused on driving innovation and providing liquidity in Nigeria’s capital markets.”
Olayinka Arewa, chief financial officer, added: “Successfully completing this bond repayment reinforces our commitment to sound financial stewardship. We’re grateful to our investors for their trust, and we remain focused on maintaining a strong credit profile, while supporting key sectors of the Nigerian economy through innovative capital market solutions.”
The Company’s investment-grade ratings, Bbb (stable outlook) from Agusto & Co and BBB+ (stable outlook) from DataPro, continue to reflect its solid capitalisation, growing profitability, and strong ownership support.
Parthian Partners Limited is a financial services group with expertise in fixed income, structured finance, equity markets, and M&A advisory. Licensed by the Securities and Exchange Commission (SEC) since 2012, Parthian is Nigeria’s first inter-dealer broker and a member of the FMDQ Securities Exchange. Since inception, Parthian Partners has executed over N5 trillion in secondary market transactions and more than $1.5 billion in Eurobond trades.
With this bond now fully repaid, Parthian reaffirms its mission to deepen market liquidity, expand access to capital, and support national development through dynamic financials.
