Viathan Funding PLC Registers its Commercial Paper Programme on FMDQ Exchange

Share This Article
Share on facebook
Share on linkedin
Share on twitter
Share on email

The Nigerian Commercial Papers (“CP”) market continues to provide issuers with renewed opportunity to grow their businesses and restore investors’ confidence, simultaneously contributing to the overall development of the Nigerian debt capital market (“DCM”). In support of the development of the DCM, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), through its Board Listings and Markets Committee, has approved the registration of the Viathan Funding PLC ₦20.00 billion CP Programme.


Viathan Funding PLC is a special purpose vehicle established by Viathan Engineering Limited to raise capital from the Nigerian DCM. Viathan Engineering Limited is an integrated energy services solutions company in Nigeria that specialises in captive and embedded power generation, providing modular, scalable power-as-a-service to end users, government agencies, industrial and commercial services, amongst others.


Speaking on the successful CP Programme registration, the Co-Founder/CEO, Viathan Funding PLC, Mr. Habeeb Alebiosu stated “Viathan Funding PLC is pleased to announce the registration of a ₦20.00 billion CP Programme. This is another step towards positioning Viathan Funding PLC as a leading player in the integrated energy vertical. As we look to consolidate on our growth thus far, access to capital in the form of liquidity support instruments is crucial. This CP is a strategic funding initiative which will enable the much-needed agility required for containing lead times associated with infrastructure projects. We remain steadfast in our objective to unlock value for our stakeholders, as we develop the requisite infrastructure to facilitate generation, distribution of uninterrupted, environmentally clean electricity and to accelerate gas utilisation in Nigeria”.


Also, the sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange, FBNQuest Merchant Bank Limited, represented by the Head, Capital Markets, Mr. Oluseun Olatidoye, said “FBNQuest Merchant Bank Limited is pleased about its role as Lead arranger on the registration of Viathan Funding PLC CP Programme under the ₦20.00 billion Programme. Funds raised under this programme will be utilised to meet the working capital needs of Viathan Funding PLC”.


The registration of this Programme on FMDQ Exchange’s platform demonstrates its continued commitment to project the DCM as the key source of finance for infrastructure and economic development in Nigeria. FMDQ Exchange remains unwavering in its pursuit of product and market innovation as well as stakeholder engagement, towards making the Nigerian financial market globally competitive, operationally excellent, liquid, and diverse, in line with its GOLD Agenda.


FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited – registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets.


More Articles

FMDQ Group PLC Appoints Deputy Governor, Economic Policy of CBN, Muhammad Sani Abdullahi, as Group Chairman

FMDQ Exchange Admits Chapel Hill Denham Series 9 Nigeria Infrastructure Debt Fund on its Platform

FMDQ Exchange Lists Lagos State Government ₦19.82 billion Forward Ijarah Lease Sukuk on its Platform

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports