Parthian Partners Limited has announced the first coupon payment on its debut N10bn three-year fixed rate senior unsecured short-term bond.
Following the successful redemption of Parthian Partners’ maiden N20bn commercial paper issuance in November/December 2021, investor confidence in the company had continued to wax stronger, further buoyed by Agusto & Co’s Bbb positive affirmation of Parthian’s investment grade ratings, as well as DataPro’s BBB+ rating, which highlighted the company’s good funding profile, improving profitability, asset quality, support from the owners and strong capitalisation.
Speaking on the coupon payment, the Managing Director/Chief Executive Officer of Parthian Partners, Oluseye Olusoga, said, “We recognise the confidence our investors have reposed on us and will continue to do everything we can to uphold their confidence.” He assured investors of the company’s commitment to excellence saying, “At Parthian Partners, we are driven by excellence and will always strive to uphold our promise to increase liquidity in the African OTC market while enabling our clients to achieve their economic goals.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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