Viathan Group, a provider of captive and embedded power solutions, issued Nigeria’s first corporate infrastructure bonds to refinance existing bank loans and fund its expansion plan.
Following the signing meeting, which took place on 14th December 2017, the power firm successfully issued N10 billion Series 1 Bonds, the first issuance under its N50 billion Bond Issuance Programme registered to support the company’s plan to increase its power generation capacity from the current 50MW to 200MW, over a 5-year period.
With InfraCredit’s guarantee, Viathan Group, through Viathan Funding Plc – a special purpose vehicle established to raise debt capital, successfully accessed the…
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