Veritasi Homes & Properties lists N10bn fixed rate bond on FMDQ Exchange

FMDQ Securities Exchange Limited (FMDQ) has approved the listing of Veritasi Homes & Properties Plc’s N10billion 3-year 20 percent Series 1 Fixed Rate Bond under its N30 billion Bond Issuance Programme. This milestone highlights the Exchange’s role in facilitating efficient capital formation in Nigeria’s fixed-income market.

Veritasi Homes & Properties Plc is a leading real estate development company in Nigeria, with a proven track record of delivering high-quality residential and commercial properties across strategic locations.

The proceeds from the Bond issuance, sponsored by Pathway Advisors Limited, Registration Member (Listings) of FMDQ Exchange, will be deployed towards financing ongoing and new real estate development projects, thereby expanding the Issuer’s footprint and contributing to efforts to bridge Nigeria’s housing deficit.

The successful listing of this Bond further reflects sustained investor appetite for well-structured fixed income securities and confidence in the Issuer’s robust business model and growth trajectory.

It also demonstrates the capacity of the Nigerian capital markets to mobilise long-term funding for critical sectors such as real estate, setting a positive precedent for future issuances and encouraging more corporates to explore the capital markets for their financing needs.

Reacting to the Bond listing, Nola Adetola, Chief Executive Officer, Veritasi Homes & Properties Plc stated: “This debut bond issuance is a defining moment for Veritasi Homes. It reflects our strategic transition from short-term commercial paper funding to longer-tenor capital, enabling us to deliver landmark projects such as Oyster Towers.

“The strong investor participation underscores confidence in our vision, governance, and execution capacity. We remain committed to building sustainable developments that meet the evolving needs of Nigeria’s real estate market.”

Adekunle Alade, Founder/Managing Director, Pathway Advisors Limited, said: “This bond issuance is among the pioneer long-term corporate bonds of its kind in the real estate sector, making Veritasi Homes a flagship issuer of long-term bonds in the space. It marks a new era for the real estate market. The successful execution of this debut bond issuance demonstrates our deep expertise in debt capital market transactions and reinforces investor confidence in well-structured, real estate-backed instruments. We are proud to have partnered with Veritasi Homes on this landmark deal. This achievement reflects the strength of Veritasi Homes’ vision, governance, and market positioning.”

Tumi Sekoni, Group Chief Operating Officer, FMDQ Group Plc said: “The successful listing of Veritasi Homes & Properties Plc’s Series 1 Fixed Rate Bond highlights the resilience and growing sophistication of Nigeria’s debt capital markets, as well as the pivotal role of the Exchange in facilitating long-term financing for key sectors of the economy. This transaction not only reflects investor confidence in the real estate sector but also underscores FMDQ Exchange’s unwavering commitment to providing an efficient, transparent, and credible platform for capital mobilisation, ultimately supporting sustainable economic growth and development in Nigeria.”