Dimension Data Floats N5bn Bond To Strengthen Digital Infrastructure

Dimension Data SPV Funding Plc has opened subscriptions for its Series 1 Corporate Bond issuance of up to N5 billion under a N20 billion bond programme, in a move aimed at raising long-term capital to expand fibre network infrastructure and deepen Nigeria’s digital economy.
The offer, which is being arranged by Pathway Advisors Limited as Lead Issuing House and Bookrunner, is structured through a book-building process that opened on June 21, 2026, and is scheduled to close on June 29, 2026According to the offer details, the three-year bond is being issued at a coupon rate of 18.50 per cent to 20.00 per cent per annum, with coupon payments to be made semi-annually. The final coupon rate ...