Parthian completes payment of coupon on N10b bond

Parthian Partners Limited has completed the third consecutive coupon payment on its ₦10 billion bond.

This unwavering commitment to fulfilling its financial obligations underscores the firm’s deep-rooted values of reliability and excellence, the company said.

“Navigating rising inflation and economic pressures requires agility and dedication,” Olayinka Arewa, Chief Financial Officer at Parthian Partners, said.

“Throughout these headwinds, we remained true to our promise, ensuring timely and consistent coupon payments to our investors. This accomplishment wouldn’t be possible without the unwavering support of our stakeholders. Our robust financial health, as evidenced by strong ratings from Agusto & Co and DataPro, speaks volumes about our commitment to building sustainable value.

“We boast robust capitalisation, improving profitability, and a secure funding profile – a testament to the trust we have earned from both clients and partners,” Arewa added.

In August 2022, Parthian Partners made history with the first-ever short-term bond issued by an inter-dealer broker in Nigeria. The ₦10 billion bond, boasting a 13.5 per cent coupon rate, attracted full subscriptions from institutional investors.

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