DLM Capital Group, a prominent investment banking institution, has announced the successful maturity and redemption of its ₦1.70 Billion Series 9 268-Day and ₦1.10 Billion Series 10 180-Day Commercial Paper Issues on July 17 and July 14, respectively.
According to Mr. Sonnie Ayere, GCEO of DLM Capital Group, “These redemptions reflect DLM’s capacity to meet its financial obligations as and when due, whilst looking to further strengthen the relationship with our investors as a responsible and dynamic issuer.”
He further added, “We are pleased to have fully repaid all the investors since inception till date without default. We thank all the investors for their participation and reiterate our commitment to be a counterparty that can be relied on for the long term.”
With these latest redemptions, DLM Capital Group has achieved a significant milestone, bringing the total redemptions under the ₦20 Billion Commercial Paper Issuance Programme to over ₦8.95 Billion since its inception.
The institution’s prudent financial management and strategic planning have contributed to this remarkable success, reaffirming its position as a leading investment grade company in the industry.
DLM Capital Group offers a diverse array of businesses, including retail banking through its advanced digital banking channel Sofri, consumer and mid-corporate lending, expert asset management services, comprehensive investment banking solutions, reliable trustee services, securities trading facilities, and foreign exchange expertise.
This broad spectrum of services allows the group to cater to the diverse needs of its esteemed clients and investors.
As the Group is an investment-grade company, Mr. Ayere added, “we continue to strive to provide top-notch services in retail banking, lending, asset management, investment banking, trusteeship, securities trading, and foreign exchange, ensuring that our clients receive the best possible solutions for their financial needs.”
