Onome Amuge
Nigerian interdealer broker, Parthian Partners Limited,has successfully and fully redeemed its N10 billion three-year fixed-rate senior unsecured short-term bond. The repayment marks the completion of its debt issuance programme, which was launched in August 2022 under the FMDQ Securities Exchange’s short-term bond framework.
The bond, which carried a coupon rate of 13.50 per cent, was fully subscribed by a diverse group of institutional investors. It was the first of its kind issued by an interdealer broker in the Nigerian capital market, and its successful repayment is considered a milestone for the firm. Over its three-year term, the bond earned a reputation for timely coupon payments, strengthening investor confidence in the company’s financial discipline.
Oluseye Olusoga, the managing director/chief executive officer of Parthian Partners, expressed pride in the firm’s achievement. “We are proud to have fulfilled all our obligations to investors as promised. This full repayment demonstrates our financial discipline and unwavering commitment to delivering long-term value,” he said. Olusoga added that the company remains focused on driving innovation and providing liquidity in Nigeria’s capital markets.
Olayinka Arewa, the chief financial officer, emphasised the company’s commitment to sound financial stewardship. “Successfully completing this bond repayment reinforces our commitment to sound financial stewardship,” he stated. He also thanked investors for their trust and reaffirmed the company’s focus on maintaining a strong credit profile.
Parthian Partners’ financial stability is supported by its investment-grade ratings of Bbb (stable outlook) from Agusto & Co and BBB+ (stable outlook) from DataPro. These ratings reflect the company’s solid capitalisation, growing profitability, and strong ownership support, positioning it to continue offering innovative capital market solutions in the Nigerian economy.
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