Parthian Partners redeems N10bn bond

Parthian Partners Limited has announced the successful and full redemption of its ₦10 billion three-year fixed-rate senior unsecured short-term bond, marking the conclusion of its debt issuance programme launched in August 2022 under the FMDQ Securities Exchange’s short-term bond framework.

The landmark bond, issued at a 13.50% coupon rate, was the first ever of its kind by an interdealer broker in the Nigerian capital market, and was fully subscribed by a diverse base of institutional investors.

Throughout its three-year tenure, the bond earned acclaim for timely coupon payments, consistent financial performance, and reliability, further cementing investor confidence in Parthian’s credibility and financial strength.

Leadership Comments on Milestone Achievement

Mr. Oluseye Olusoga, Managing Director/Chief Executive Officer of Parthian Partners, expressed pride in the firm’s accomplishment:

“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.”

Mr. 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.”

Enduring Confidence Backed by Strong Credit Ratings

Parthian Partners’ investment-grade credit profile has been consistently validated by top Nigerian rating agencies:

• Bbb (Stable Outlook) – Agusto & Co

• BBB+ (Stable Outlook) – DataPro

These ratings underscore the company’s solid capitalisation, growing profitability, and robust shareholder backing.

About Parthian Partners

Parthian Partners Limited is a diversified financial services group with expertise in:

• Fixed income trading

• Structured finance

• Equity markets

• Mergers & acquisitions advisory

Licensed by the Securities and Exchange Commission (SEC) since 2012, Parthian is Nigeria’s first interdealer broker and a member of the FMDQ Securities Exchange.

Since inception, the firm has executed:

• Over ₦5 trillion in secondary market transactions

• More than $1.5 billion in Eurobond trades

Parthian remains a cornerstone in capital market development, consistently driving innovation and providing liquidity across Nigeria’s financial ecosystem.