DLM Capital Group Limited is targeting to raise up to N10 billion from the issuance of Series 2 (Tranche A and Tranche B) Commercial Papers (CPs) Notes, newest move aimed at supporting the issuer’s short-term working capital needs.
The CPs issuance which opened on October 10 and is scheduled to close on Monday, October 20. The series 2 (Tranche A and Tranche B) Commercial Papers issuance (maturity dates of July 17, 2026 and October 20, 2026) is under DLM Capital Group Limited N20 billion CP Issuance Programme.
The Group is rated ‘A1’ (Short-Term) by DataPro, ‘S2’ (Short-Term) by Agusto, and ‘A3’ (Short-Term) by GCR Ratings.
In January 2025, DLM Capital Group Limited registered a new N20 billion Commercial Paper Programme. Under this programme, the company have successfully raised a total of N10.48 billion through the issuance of Series 1 Tranche A and B Commercial Paper.
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The N2.28billion Series 1 Tranche A issuance has matured and has been fully repaid. The company has maintained a strong repayment history and remains committed to strategically utilising funds raised from the debt capital markets to support business expansion and growth.
DLM Capital Group Limited currently consists of seven (7) operating subsidiaries regulated by the Securities and Exchange Commission (SEC) or the Central Bank of Nigeria (CBN). Its subsidiaries are: DLM Advisory Limited, Sofri Trust Microfinance Bank Limited, CitiHomes Finance Company Limited, DLM FX Trading Limited, DLM Trust Company Limited, DLM Securities Limited and DLM Asset Management Limited.
DLM has acquired about 57 percent of Recyclan Global Services Limited. The Company aggregates and processes local PET waste into EU food-grade standard recycled PET (rPET), exporting its products to a variety of customers across the world. In addition, DLM have acquired a 60 percent stake in Velox Payments Limited. Velox Payments Limited is a duly licensed Money Service Business by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The Company has recently released Version 1 of its mobile application to offer a one-way flow to Nigerians living in the diaspora who intend to send money back home.
With total assets of over N50 billion (excluding about N43 billion Assets Under Management-AUM), DLM is currently serving over 10,000 institutional and retail clients across diverse sectors. On the distribution side, DLM works with domestic pension fund managers, asset managers, bank treasurers, corporate bankers, trustees, high net worth individuals and other retail investors, as well as with international emerging market fund managers and international banks with an appetite for sub-Saharan African investments.
Read also: DLM Asset Management launches N1.5 billion money market fund
DLM Capital Group offers general financial and investment banking-related services via its subsidiaries which provide corporate finance advisory, asset management, trust services, securities trading and forex dealing. The Group also has a FinTech company, which includes a full-service digital bank that provides general banking services to retail consumers. This also includes payment services and retail credit. Finally, the Group has a finance company that provides advances to mid-sized corporate businesses.
As a Development Investment Bank (DIB) and a diversified financial services institution, the Group has been at the forefront of creating alternative funding solutions to businesses, providing bespoke and innovative financing for a variety of economic sectors across the Country.
The Group places strong emphasis on driving sustainable development of the Nigerian economy by focusing its expertise on key sectors such as agriculture, general business finance, consumer credit, housing, transportation, infrastructure, and education in line with its chosen development mandate to help reduce poverty and improve the living conditions of Africans as a whole. The overall goal of the group is to help mobilise international & domestic capital to support the continent’s economic and social development.