DLM Capital Group Limited, a leading Development Investment Bank (DIB) and diversified financial services institution in Nigeria, has announced the launch of its ₦5 Billion Series 1 Commercial Papers (CP) Notes under a ₦20 Billion CP Issuance Programme. This marks a strategic effort to provide innovative funding solutions for businesses across various sectors of the Nigerian economy.
A Track Record of Innovation and Development
With a focus on fostering sustainable economic growth, DLM Capital Group has built a reputation for delivering bespoke financing solutions tailored to the needs of critical sectors such as agriculture, consumer credit, housing, transportation, infrastructure, and education. Through these efforts, the Group aims to mobilize both domestic and international capital to drive Africa’s economic and social development.
The Group’s operational structure comprises seven subsidiaries regulated by the Securities and Exchange Commission (SEC) or the Central Bank of Nigeria (CBN). These include:
- DLM Advisory Limited
- SoFRI Digital Bank (Links Microfinance Bank Limited)
- CitiHomes Finance Company Limited
- DLM FX Trading Limited
- DLM Trust Company Limited
- DLM Securities Limited
- DLM Asset Management Limited
These subsidiaries offer a broad range of financial services, including corporate finance advisory, asset management, securities trading, forex dealing, and trust services.
Strategic Acquisitions
DLM Capital Group has expanded its impact through strategic acquisitions, such as:
- Recyclan Global Services Limited: Holding a 57% stake in this company, DLM supports the processing of PET waste into EU-standard recycled PET (rPET), promoting sustainability and generating export revenue.
- Velox Payments Limited: With a 60% stake in this FINTRAC-licensed Money Service Business, the Group facilitates seamless cross-border remittances, particularly for Nigerians in the diaspora.
Key Terms of the Series 1 Offer
The Series 1 issuance comprises two tranches with attractive terms for investors:
| Details | Tranche A | Tranche B |
|---|---|---|
| Tenor | 180 days | 270 days |
| Target Size | Up to ₦5 billion | |
| Discount Rate (%) | 24.6028% | 25.2173% |
| Implied Yield (%) | 28.0000% | 31.0000% |
| Offer Open Date | 27th January 2025 | |
| Offer Close Date | 4th February 2025 | |
| Maturity Date | 4th August 2025 | 2nd November 2025 |
The proceeds from the issuance will be used to meet the short-term funding needs of the Group, which is rated ‘A1’ (Short-Term) by DataPro and ‘A3’ (Short-Term) by GCR Ratings.
Commitment to Investors
DLM’s broad investor base spans pension fund managers, asset managers, bank treasurers, high-net-worth individuals, and international investors with an appetite for Sub-Saharan African opportunities. With assets exceeding ₦46 billion and a growing clientele of over 10,000 institutional and retail customers, DLM Capital Group remains steadfast in its commitment to creating value-driven financial solutions.
Access Offer Documents
Investors can access key documents, including rating reports, investor presentations, audited accounts, and more, via the Investor DataRoom.
For further details on how to participate, interested parties are encouraged to review the Programme Memorandum and complete the Commitment Form.
