NSE Lists Axxela Funding 1 Plc Series 1 Bonds

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Axxela Funding 1 Plc’s N11,500,000,000 Series 1; 14.30% Fixed Rate Bonds due 2027, under the N50,000,000,000 Bond Issuance Program were today, Thursday, 16 July 2020 listed on The Nigerian Stock Exchange (NSE).

A few days ago, FMDQ, through its subsidiary, FMDQ Securities Exchange Limited, admitted for listing on its platform, the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50.00 billion Bond Programme (the Axxela Bond).

Axxela Funding 1 PLC is a special purpose vehicle (SPV) incorporated by Axxela Limited to raise funds through the issuance of debt securities in the domestic capital market. Axxela Limited, owned by Helios Investment Partners, is a natural gas shipping company on the West African Gas Pipeline, providing unique energy solutions with presence in Nigeria and gas export operations in neighbouring West African countries.

Below are details of the Bonds:

NSE Lists Axxela Funding 1 Plc Series 1 Bonds - Brand Spur

The admittance of the Axxela bond is testament to the opportunities which the debt market capital avails to corporates in diverse business areas and further, to the potential of the market to support stakeholders effectively even as they carry on their activities in the face of the pandemic.