DLM Capital Group delivers 2nd coupon payment on AAA-rated SBCN

By Babajide Komolafe

DLM Capital Group, a prominent global development investment bank has successfully fulfilled its second principal and interest (coupon) payment obligation to investors under its N9 billion Sovereign Bond-Backed Composite Notes (SBCN) issued under the Group’s N30 billion Medium-Term Notes Programme listed on FMDQ Exchange.

The company stated, “The second principal and interest (coupon) payment of N948,493,055.89 to Tranche A and N197,077,309.63 to Tranche B comes six months after the successful payment of the first principal and interest obligation on DLM Funding SPV Plc’s N7.30 billion Series 1 (Tranche A) and N1.70 billion Series 3 (Tranche B) Plain Vanilla R...