CardinalStone leads successful closure of N728.97b series 2 power sector bond
2 months agoL-R : Onyebuchim Obiyemi, Director & Head, Investment Banking, CardinalStone Partners Limited; Ayodeji Gbeleyi, Director-General, Bureau of Public Enterprises; Akin Odeyemi, MD/CEO, Nigerian Bulk Electricity Trading Plc (NBET); Taiwo Oyedele, Honourable Minister of Finance and Coordinating Minister of the Economy; Alhaji Mahmuda Mamman, Permanent Secretary, Ministry of Power; Lanre Babalola, Special Adviser to the President on Power and Michael Nzewi, Group Managing Director, CardinalStone Partners Limited, at the signing ceremony for the ₦728.97 billion Series 2 Power Sector Bond in Abuja. The transaction is aimed at addressing verified legacy obligations in the power sector and strengthening liquidity across the electricity value chain.
CardinalStone Partners Limited has announced the successful closure of the N728.97 billion series 2 power sector bond, on which it served as the lead financial adviser and lead issuing house.…