FCMB Capital Markets Limited has successfully led the issuance of a N11.85 billion, 10-year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond by GLNG Funding SPV Plc, marking a major step in financing clean energy infrastructure in Nigeria.
The bond, issued by GLNG Funding SPV Plc and sponsored by Green Liquified Natural Gas (GLNG) as part of its capital-raising plans, is a key step in financing the construction of a mini-LNG plant with a liquefaction capacity of 200,000 standard cubic meters of gas per day.
The facility will help bridge Nigeria’s power supply gap and offer industries a cleaner, cost-effective alternative to diesel.