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L-R : Onyebuchim Obiyemi, Director & Head, Investment Banking, CardinalStone Partners Limited; Ayodeji Gbeleyi, Director-General, Bureau of Public Enterprises; Akin Odeyemi, MD/CEO, Nigerian Bulk Electricity Trading Plc (NBET); Taiwo Oyedele, Honourable Minister of Finance and Coordinating Minister of the Economy; Alhaji Mahmuda Mamman, Permanent Secretary, Ministry of Power; Lanre Babalola, Special Adviser to the President on Power and Michael Nzewi, Group Managing Director, CardinalStone Partners Limited, at the signing ceremony for the ₦728.97 billion Series 2 Power Sector Bond in Abuja. The transaction is aimed at addressing verified legacy obligations in the power sector and strengthening liquidity across the electricity value chain. — TOP NEWS

CardinalStone leads successful closure of N728.97b series 2 power sector bond

CardinalStone Partners Limited has announced the successful closure of the N728.97 billion series 2 power sector bond, on which it served as the lead financial adviser and lead issuing house. The landmark transaction represents a significant milestone for Nigeria’s capital

Amarachi Okonkwo

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