Parthian Partners Limited has announced redemption of its N10 billion three-year fixed-rate senior unsecured short-term bond. This marks completion of its landmark debt issuance programme launched in August 2022 under FMDQ Securities Exchange’s short-term bond framework.
The bond, issued at a coupon rate of 13.50 per cent and fully subscribed by institutional investors, was the first by an interdealer broker in the 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.
Managing Director and Chief Executive Officer, Oluseye Olusoga, said: “We are proud to have fulfilled our obligations to investors. This full repayment demonstrates our financial discipline and commitment to delivering long-term value. We are focused on driving innovation and providing liquidity in Nigeria’s capital markets.”
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Chief Financial Officer, Olayinka Arewa, added: “Completing this bond repayment reinforces our commitment to sound financial stewardship. We’re grateful to our investors for their trust, and we are focused on maintaining a strong credit profile, while supporting key sectors of the economy through innovative capital market solutions.”
Parthian’s investment-grade ratings, Bbb (stable outlook) from Agusto & Co and BBB+ (stable outlook) from DataPro reflect its solid capitalisation, growing profitability, and strong ownership support.
The company is a financial services group with expertise in fixed income, structured finance, equity markets, and M and A advisory. Licensed by SEC since 2012, Parthian is Nigeria’s first inter-dealer broker and member of FMDQ Securities Exchange. It has executed N5 trillion in secondary market transactions and over $1.5 billion in Eurobond trades.
With this bond now fully repaid, Parthian reaffirms its mission to deepen market liquidity, expand access to capital, and support national development through dynamic financial solutions.