FMDQ Securities Exchange Limited has approved the listing of Veritasi Homes & Properties Plc’s N10.00bn three-year, 20.00 per cent Series 1 Fixed Rate Bond under its N30.00bn bond issuance programme.
According to an official statement released on Thursday, this milestone highlights the Exchange’s role in facilitating efficient capital formation within Nigeria’s fixed-income market. FMDQ described Veritasi Homes & Properties Plc as a leading real estate development company in Nigeria with a proven track record of delivering high-quality residential and commercial properties across strategic locations.
The proceeds from the bond issuance, which was sponsored by Pathway Advisors Limited, a Registration Member (Listings) of FMDQ Exchange, will be deployed to finance ongoing and new real estate development projects. This move is expected to expand the issuer’s footprint and contribute to efforts aimed at bridging Nigeria’s housing deficit.
Reacting to the listing, the Chief Executive Officer of Veritasi Homes & Properties Plc, Nola Adetola, said, “This debut bond issuance is a defining moment for Veritasi Homes.
It reflects our strategic transition from short-term commercial paper funding to longer-tenor capital, enabling us to deliver landmark projects such as Oyster Towers. The strong investor participation underscores confidence in our vision, governance, and execution capacity. We remain committed to building sustainable developments that meet the evolving needs of Nigeria’s real estate market.”
Similarly, the Founder/Managing Director of Pathway Advisors Limited, Adekunle Alade, remarked, “This issuance is among the pioneer long-term corporate bonds of its kind in the real estate sector, making Veritasi Homes a flagship issuer in this space. It marks a new era for the real estate market. The successful execution of this debut bond demonstrates our deep expertise in debt capital market transactions and reinforces investor confidence in well-structured, real estate-backed instruments.”
He added, “We are proud to have partnered with Veritasi Homes on this landmark deal. This achievement reflects the strength of the company’s vision, governance, and market positioning.”
Speaking on the listing, the Group Chief Operating Officer of FMDQ Group Plc, Tumi Sekoni, noted, “The successful listing of Veritasi Homes & Properties Plc’s Series 1 Fixed Rate Bond highlights the resilience and growing sophistication of Nigeria’s debt capital markets, as well as the pivotal role of the Exchange in facilitating long-term financing for key sectors of the economy.”
Sekoni further noted that the transaction underscores FMDQ Exchange’s unwavering commitment to providing an efficient, transparent, and credible platform for capital mobilisation, ultimately supporting sustainable economic growth in Nigeria.
The successful listing further reflects sustained investor appetite for well-structured fixed-income securities and confidence in the issuer’s robust business model. It also demonstrates the capacity of the Nigerian capital markets to mobilise long-term funding for critical sectors, setting a positive precedent for future issuances and encouraging more corporates to explore the capital markets for their financing needs.
