DLM Capital Group, a development investment bank, has announced the completion of a N9 billion Series 1 Sovereign Bond-backed Composite Notes (SBCN) issuance due 2035 under its N30 billion Medium-Term Note Programme, through its special purpose vehicle, DLM Funding SPV Plc. The issuance, which is AAA-rated and SEC-approved, was designed to deliver capital preservation, liquidity, and competitive returns.
It attracted strong participation from institutional investors, demonstrating continued confidence in DLM’s credit strength, innovative structuring capability, and proven track record of delivering secure investment products.
The signing ceremony, hosted by DLM Advisory acting as the financial adviser, transaction structurer, and Joint Issuing House/Bookrunner for the transaction, and a subsidiary of DLM Capital Group, took place at the Group’s headquarters in Lagos.
Bottom L-R: Kasham Musa Iliya, Non – Executive Director, DLM Global Markets; Kari Tukur, Non – Executive Director, DLM Capital Group; Dr Sonnie Babatunde Ayere, Group Chief Executive Officer, DLM Capital Group; Olayimika Phillips, Michael Orimobi, Non – Executive Director, DLM Capital Group at the signing ceremony to conclude the ₦9 billion series 1 SBCN issuance at DLM HQ, Lagos.
Key stakeholders in attendance included Dr. Sonnie Ayere, Group Chief Executive Officer, DLM Capital Group; Babatunde Obaniyi, Group Managing Director, DLM Global Markets; Nwabu Okonkwo, Managing Director, DLM Advisory; Olayimika Phillips, Kari Tukur, Michael Orimobi, Non–Executive Directors, DLM Capital Group; Kasham Musa Iliya, Non–Executive Director, DLM Global Markets; Ohiani Idawu, Managing Director, DLM Nominees
They were joined by representatives from Alpha Morgan Capital (Lead Issuing House & Bookrunner), Anchoria Advisory Services, Meristem Capital, SCM Capital, and Pathway Advisors (Joint Bookrunners), among other transaction parties.
Ayere said: “At DLM Capital Group, we are committed to building innovative financial instruments that not only protect investor value but also unlock opportunities for growth across Nigeria’s real economy. This first issuance is a testament to our ability to structure products that balance safety, liquidity, and competitive returns, while channelling capital into sectors like SMEs that are critical for long-term national development.
“This N9 billion milestone marks the beginning of DLM Capital Group’s N30 billion Medium-Term Note Programme. The initiative is expected to play a pivotal role in Nigeria’s journey towards a $1 trillion GDP by unlocking capital, accelerating formal sector growth, and boosting productivity across critical sectors.”
