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NBET Finance Company Plc raised N501.02bn through two bond tranches priced at 17.50% to ease liquidity challenges in Nigeria’s electricity market.
PRIVATEJul 29, 2026•1 day ago
Amount Raised
₦501 Billion
Round Type
Venture - Series Unknown
LagosEnergyFinancial Services
Description
NBET Finance Company Plc emerged as the largest issuer after raising N501.02bn through two bond tranches. The proceeds are expected to ease liquidity challenges in Nigeria’s electricity market through the Nigerian Bulk Electricity Trading Plc. The issuances were meant to refinance existing obligations, finance expansion projects, and strengthen working capital. Investors paid coupon rates as high as 20% to raise long-term funds amid high borrowing costs.
Company Information
Company
NBET Finance Company Plc
Location
Lagos, Lagos State, Nigeria
About
NBET Finance Company Plc is a major issuer in Nigeria's bond market, leading the largest bond borrowings in H1 2026. It plays a crucial role in easing liquidity challenges in Nigeria’s electricity market. The company raised significant funds to support various infrastructure projects and refinancing needs. NBET focuses on enhancing the overall efficiency and sustainability of the electricity sector in Nigeria.
LagosEnergyFinancial Services