FMDQ Exchange Lists LAPO MFB SPV PLC ₦4.46 Billion Bond for Microfinance Sector Expansion
FMDQ Exchange Lists LAPO MFB SPV PLC ₦4.46 Billion Bond for Microfinance Sector Expansion
Reinforcing its commitment to deepening access to long-term capital for Nigeria’s microfinance sector,
FMDQ Securities Exchange Limited has approved the listing of
LAPO MFB SPV PLC’s ₦4.46 billion Series 1 5-Year 20.00% Fixed Rate Bond under its ₦30.00 billion Bond Issuance Programme.
This approval, granted by the Exchange’s Board Listings and Markets
Committee, provides a platform for mobilising long-term capital to support the growth objectives of LAPO Microfinance Bank and reflects the continued relevance of the Nigerian debt capital market in
connecting issuers with funding for sustainable expansion.
LAPO MFB SPV PLC is a special purpose vehicle established to facilitate
capital raising on behalf of its sponsor, LAPO Microfinance Bank Limited, one of Nigeria’s leading microfinance institutions.
Proceeds from this Bond issuance, sponsored by FirstCap Limited (Lead
Sponsor) and AVA Capital Partners Limited (Co-Sponsor), both Registration Members (Listings) of FMDQ Exchange, will be used to expand financing opportunities for small and medium-sized
enterprises, improve access to renewable energy solutions and strengthen the delivery of digital financial services to micro, small and medium-sized enterprises across Nigeria.
Commenting on the Bond listing, Mr. Oluwaseun Afolabi, Senior Vice President, FMDQ Exchange, said the listing of LAPO MFB SPV PLC’s Series 1 Bond reflects the growing sophistication of Nigeria’s debt capital markets and their capacity to support long-term funding needs across the financial inclusion
space.
Through listings such as this, FMDQ Exchange continues to foster a market that channels capital towards enterprises and initiatives capable of delivering broad-based economic impact.
FMDQ Exchange remains dedicated to strengthening the flow of long-term capital available to Nigeria’s
financial inclusion ecosystem, recognising the pivotal role that microfinance institutions play in extending credit and financial services to individuals and small businesses often excluded from
mainstream banking.
By facilitating access to the bond market for issuers such as LAPO MFB, the Exchange supports the broader national agenda of expanding financial access, empowering micro and small enterprises, and fostering inclusive, sustainable economic development.
FMDQ Group PLC is Africa’s first vertically integrated FMI group,
strategically positioned to provide end-to-end services across the financial markets value chain.
The
Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing
& central counterparty, and settlement services for financial markets transactions; securities
depository services; and market data and information services, across the debt capital, foreign exchange,
derivatives, and equity markets, through its wholly owned subsidiaries FMDQ Exchange, FMDQ Clear
Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.
As a sustainability-focused FMI
group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange FMDQ
Green Exchange positioned to lead the transition towards a sustainable futu
