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Oriental News Nigeria
Home»Business»Data SPV Funding Plc Announces N5 Billion Bond Offer
Business

Data SPV Funding Plc Announces N5 Billion Bond Offer

By Orientalnews StaffJune 22, 2026No Comments1 Min Read
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Yemisi Izuora

 

Dimension Data SPV Funding Plc Series 1 Corporate Bond has announced issuance of up to ₦5 billion under its ₦20 billion Bond Programme for subscription.

The Offer will be executed by way of Book Build and is scheduled to close on Monday, June 29, 2026.

The proceeds from the bond issuance will be deployed towards strategic investments in fiber network expansion, capacity enhancement, and service quality improvement. These investments will strengthen the infrastructure underpinning Nigeria’s rapidly growing fintech ecosystem, enterprise connectivity requirements, and broader digital economy.

The Offer presents investors with an opportunity to participate in the growth of a critical infrastructure sector with strong long-term demand fundamentals and increasing relevance to Nigeria’s digital transformation agenda.

The proceeds from the bond issuance are intended to support strategic investments in fiber network expansion, capacity enhancement, and quality service delivery. This will bolster the critical infrastructure supporting Nigeria’s broader fintech, enterprise connectivity, and digital ecosystems. It also offers investors access to a sector poised for sustained long-term growth.

 

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