Amidst the dynamic economic landscape of the past half-year, Parthian Partners Limited has successfully completed the third consecutive coupon payment on its N10 billion bond.
In a statement, Chief Financial Officer at Parthian Partners, Olayinka Arewa said, “Navigating rising inflation and economic pressures requires agility and dedication,” 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 capitalization, improving profitability, and a secure funding profile – a testament to the trust we have earned from both clients and partners.”
In August 2022, Parthian Partners made history with the first-ever short-term bond issued by an Inter-Dealer Broker in Nigeria. The N10 billion bond, boasting a 13.50% coupon rate, attracted full subscription from institutional investors, in attestation to the firm’s position as a market leader.
“This timely bond payment is not just a milestone, but a powerful symbol of Parthian Partner’s dedication to fueling Nigeria’s economic growth. We remain committed to exceeding expectations, unlocking new opportunities, and forging a brighter financial future for all stakeholders, ”Arewa said