{"id":10497,"date":"2026-09-28T10:50:33","date_gmt":"2026-09-28T10:50:33","guid":{"rendered":"https:\/\/ograsset.com\/?p=10497"},"modified":"2026-09-28T10:50:34","modified_gmt":"2026-09-28T10:50:34","slug":"dlm-capital-group-pays-n1-14bn-coupon-on-sbcn","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/09\/28\/dlm-capital-group-pays-n1-14bn-coupon-on-sbcn\/","title":{"rendered":"DLM Capital Group pays N1.14bn coupon on SBCN"},"content":{"rendered":"\n
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DLM Capital Group, a leading development investment bank, has fulfilled its second principal and interest (coupon) payment obligation to investors under its N9bn Sovereign Bond-Backed Composite Notes (SBCN).<\/p>\n\n\n\n

The instrument was issued under the group\u2019s N30bn Medium-Term Notes Programme listed on the FMDQ Exchange.<\/p>\n\n\n\n

According to the firm, the second principal and interest payment comprises N948,493,055.89 to Tranche A and N197,077,309.63 to Tranche B, bringing the total disbursement to N1.14bn.<\/p>\n\n\n\n

This payment comes six months after the successful settlement of the first principal and interest obligation on DLM Funding SPV Plc\u2019s N7.30bn Series 1 (Tranche A) and N1.70bn Series 3 (Tranche B) Plain Vanilla Returns SBCN.<\/p>\n\n\n\n

Commenting on the payment, the Group Chief Executive Officer of DLM Capital Group, Sonnie Ayere, said: \u201cThe successful second coupon payment is not only another milestone for the DLM SBCNs, but also a continuation of the Group\u2019s commitment to developing and delivering innovative financial solutions backed by execution, transparency, and value for our investors and stakeholders while strengthening our position as a leading financial institution that\u2019s contributing to the continued development of Nigeria\u2019s financial ecosystem.\u201d<\/p>\n\n\n\n

Developed by Ayere, the pioneering financial instrument, rated AAA by Global Credit Rating and DataPro Limited, entered the market in July 2025.<\/p>\n\n\n\n

The firm noted that the performance of the instrument has allowed the market to assess the strength of its structure through actual delivery, adding that Tranche A remains the most valuable listed corporate AAA-rated bond on the market due to its unique inflation-beating upward-sloping returns.<\/p>\n\n\n\n

Beyond meeting its payment obligations, DLM Capital Group stated that it has maintained consistent quarterly performance reporting, providing investors and market stakeholders with continued visibility into the instrument\u2019s performance.<\/p>\n\n\n\n

The timely fulfillment of debt obligations comes at a critical period for Nigeria\u2019s fixed-income market, where soaring inflation continues to erode real investment returns. Debt instruments with inflation-hedging features have drawn increasing attention from institutional investors, including Pension Fund Administrators (PFAs), looking to insulate portfolios against price volatility.<\/p>\n\n\n\n

Sovereign Bond-Backed Composite Notes (SBCNs) represent a structured finance model that leverages the credit risk profile of sovereign assets to enhance corporate issuance safety. By consistently meeting its biannual payment milestones under its N30bn MTN program on the FMDQ Exchange, DLM Capital Group strengthens investor liquidity confidence while demonstrating the viability of complex securitised products in Nigeria\u2019s evolving capital market.<\/p>\n\n\n\n

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DLM Capital Group pays N1.14bn coupon on SBCN<\/a><\/blockquote>