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.
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:
These subsidiaries offer a broad range of financial services, including corporate finance advisory, asset management, securities trading, forex dealing, and trust services.
DLM Capital Group has expanded its impact through strategic acquisitions, such as:
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.
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.
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.
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