Parthian Partners Limited has announced the successful redemption of its ₦10 billion three-year fixed-rate senior unsecured short-term bond, marking the completion of its debut debt issuance programme launched in August 2022 under the FMDQ Securities Exchange’s short-term bond framework.

The bond, which was issued at a coupon rate of 13.50 per cent and fully subscribed by a broad mix of institutional investors, was the first of its kind floated by an interdealer broker in the Nigerian capital market. Over the course of its tenor, it was lauded for timely coupon payments and consistent financial delivery, earning the confidence of investors and reinforcing Parthian’s reputation for reliability and financial prudence.

In a statement, the Managing Director and Chief Executive Officer of Parthian Partners, Mr. Oluseye Olusoga, hailed the redemption as a testament to the firm’s financial strength and operational discipline.

“We are proud to have fulfilled all our obligations to investors as promised. This full repayment demonstrates our financial discipline and unwavering commitment to delivering long-term value. As we look ahead, we remain focused on driving innovation and providing liquidity in Nigeria’s capital markets,” Olusoga said.

Echoing the sentiment, Parthian’s Chief Financial Officer, Mr. Olayinka Arewa, described the successful repayment as a reaffirmation of the company’s prudent financial management and dedication to maintaining investor trust.

“Successfully completing this bond repayment reinforces our commitment to sound financial stewardship. We’re grateful to our investors for their trust, and we remain focused on maintaining a strong credit profile while supporting key sectors of the Nigerian economy through innovative capital market solutions,” Arewa added.

Parthian Partners retains robust investment-grade ratings from two top Nigerian credit rating agencies: Bbb with a stable outlook from Agusto & Co, and BBB+ with a stable outlook from DataPro. These ratings reflect the company’s solid capital base, consistent profitability, and strong institutional backing.

Founded in 2012 and licensed by the Securities and Exchange Commission, Parthian Partners is Nigeria’s first interdealer broker and a key member of the FMDQ Securities Exchange. The firm specialises in fixed income trading, structured finance, equity markets, and mergers and acquisitions advisory. Since inception, Parthian has facilitated over ₦5 trillion in secondary market transactions and more than $1.5 billion in Eurobond trades.

The successful conclusion of its bond programme further solidifies Parthian’s leadership in Nigeria’s capital market and sets a precedent for other non-bank financial institutions seeking to tap into the debt capital market for growth and expansion.