DLM Capital Group is seeking to raise N30 billion in Nigeria’s first Sovereign-Bond Backed Composite Notes.
The first of its kind fixed income product combines the security of direct sovereign bond-backed principal protection, such as FGN Bonds, with the enhanced yield potential of corporate and consumer lending cash flows. This hybrid structure, the first of its kind in the local market, merges public-sector credit safety with private-sector income generation.
The instrument is designed such that the private sector credit tranche will be secured by the FGN-bonds, which will be the senior tranche.
