FMDQ Exchange admits debut GPC-SPV company bond on its platform

FMDQ Securities Exchange has approved the listing of the GPC-SPV Company’s ₦20billion Series 1 Fixed Rate Bond under its ₦50billion Bond Issuance Programme, on its platform.

GPC-SPV Company PLC is a special purpose vehicle set up by GPC Energy and Logistics Limited to raise finance through the Nigerian debt capital market.

GPC is a fast growing logistics company that provides premium logistics services to multinationals operating within the Nigerian market-space.

Speaking on the significance of the issuance to the company, Managing Director/Chief Executive Officer, GPC, Mr. Elvis Okonji, said: “The Bond issuance and listing is in furtherance of company’s strategy to achieving its financial goals and objectives. GPC will continue to pioneer innovation and service excellence within its industry as value enhancers, and we thank the investors, FMDQ Exchange, Planet Capital, InfraCredit, and other Parties to the transaction for their support.” 

Also commenting on the issuance, sponsor of the Bond, Planet Capital Limited, represented by its co-Chief Executive Officers, Dr. Tony Anonyai and Mr. Efe Akhigbe, said: “The listing of the GPC-SPV Bond on FMDQ Exchange is a further boost in the corporate bonds market activities and a veritable platform for price discovery, as well as liquidity for the security, which is good for the investors. Planet Capital is pleased to have led the Parties to the transaction in the successful issuance of the debut GPC-SPV Bond. This transaction consolidates GPC’s efforts as a leading transport logistics provider in the country, and we are delighted to have supported the company on this phase of their growth.”