FirstCap Limited, an investment banking firm and subsidiary of FirstHoldCo Plc, has closed a ₦4.46 billion Series 1 bond issuance by LAPO MFB SPV Plc, in a move aimed at expanding access to long-term capital for key sectors of Nigeria’s economy.
The firm acted as Lead Issuing House on the transaction, structuring the fund raising for LAPO MFB SPV Plc, a vehicle sponsored by LAPO Microfinance Bank Limited to attract institutional investment into small and medium-sized enterprises (SMEs), renewable energy and digital financial services.
The bond proceeds are expected to support small businesses and clean energy initiatives, reinforcing efforts to drive financial inclusion and sustainable growth. The microfinance sector has continued to show resilience, positioning the issuance at the intersection of economic expansion and social impact.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director, FirstCap Limited, said:
“This successful issuance underscores our strategic commitment to directing capital where it delivers measurable economic impact. At FirstCap, we partner with institutions that have the scale, discipline, and vision to transform markets, and LAPO exemplifies these qualities.
The ₦4.46 billion bond is positioned to be a catalyst for SME growth, expanded energy access, and broader financial inclusion. We remain committed to structuring transactions that are not only bankable, but impactful and aligned with Nigeria’s long-term economic trajectory.”
FirstCap said it remains focused on strengthening its role in Nigeria’s capital markets by structuring transactions that are both commercially viable and development-driven, while supporting the country’s long-term economic growth.
No comments:
Post a Comment