Parthian Partners Limited has successfully and fully redeemed its N10bn three-year fixed-rate senior unsecured short-term bond.

With this milestone, the firm has completed its debt issuance programme launched in August 2022 under the FMDQ Securities Exchange’s short-term bond framework.

The bond, issued at a coupon rate of 13.50 per cent 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, the Managing Director/Chief Executive Officer of Parthian Partners, Mr. Oluseye Olusoga, 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.”

Chief Financial Officer Mr Olayinka Arewa 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.”

Parthian Partners’ 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 since 2012, Parthian is Nigeria’s first inter-dealer broker and a member of the FMDQ Securities Exchange. Since its inception, the company has executed over N5tn in secondary market transactions and more than $1.5bn in Eurobond trades.