DLM Capital Group has successfully fulfilled its second principal and interest (coupon) payment obligation to investors under its N9 billion Sovereign Bond-Backed Composite Notes (SBCN) issued under the Group's N30 billion Medium-Term Notes Programme listed on FMDQ Exchange. The company stated that the second principal and interest payment of N948,493,055.89 to Tranche A and N197,077,309.63 to Tranche B comes six months after the successful payment of the first principal and interest obligation on DLM Funding SPV Plc's N7.30 billion Series 1 (Tranche A) and N1.70 billion Series 3 (Tranche B) Plain Vanilla Returns SBCN, listed on FMDQ Exchange. This further demonstrates the Group's consistent delivery since the issuance of the SBCN. The pioneering financial instrument was developed by Sonnie Babatunde Ayere, Group CEO of DLM Capital Group, and is rated AAA by Global Credit Ratings.
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