Date: February 21, 2024 2:43 am
Parthian Partners Limited has completed the third consecutive coupon payment on its N10bn bond.
In a statement recently, the Chief Financial Officer at Parthian Partners, Olayinka Arewa, said, “Navigating rising inflation and economic pressures requires agility and dedication. Throughout these headwinds, we remained true to our promise, ensuring timely and consistent coupon payments to our investors.”
“This accomplishment wouldn’t be possible without the unwavering support of our stakeholders. Our robust financial health, as evidenced by strong ratings from Agusto & Co and DataPro, speaks volumes about our commitment to building sustainable value. We boast robust capitalization, improving profitability, and a secure funding profile – a testament to the trust we have earned from both clients and partners.”
In August 2022, Parthian Partners made history with the first-ever short-term bond issued by an Inter-Dealer Broker in Nigeria. The N10bn bond which had a 13.50 per cent coupon rate, attracted full subscriptions from institutional investors.
As Nigeria’s pioneering interdealer broker, Parthian Partners plays a critical role in the nation’s financial ecosystem by seamlessly connecting market dealers and investors, including pension funds, fund managers, banks, and international institutions.
The firm has facilitated over N5tn in FGN bonds and treasury bill trades, exceeding $1.2bn in Eurobond transactions.
This timely bond payment is not just a milestone, but a powerful symbol of Parthian Partner’s dedication to fueling Nigeria’s economic growth.
“We remain committed to exceeding expectations, unlocking new opportunities, and forging a brighter financial future for all stakeholders,” added Arewa.