DLM Capital Group Limited (DLM) is targeting to raise up to N5 billion from Series 1 (Tranche A and Tranche B) Commercial Papers (CP) notes under its N20 billion CP Issuance Programme.
DLM Capital Group Limited is a Development Investment Bank (DIB) and, a diversified financial services institution. The Group is rated ‘A1’ (Short-Term) by DataPro, and ‘A3’ (Short-Term) by GCR Ratings.
The Group currently consists of seven (7) operating subsidiaries regulated by the Securities and Exchange Commission (SEC) or Central Bank of Nigeria (CBN). Its subsidiaries are: DLM Advisory Limited, SoFRI Digital Bank powered by Links Microfinance Bank Limited, CitiHomes Finance Company Limited, DLM FX Trading Limited, DLM Trust Company Limited, DLM Securities Limited and DLM Asset Management Limited.
DLM has been at the forefront of creating alternative funding solutions to businesses, providing bespoke and innovative financing for a variety of economic sectors across the Country.
The Group places strong emphasis on driving sustainable development of the Nigerian economy by focusing its expertise on key sectors such as agriculture, general business finance, consumer credit, housing, transportation, infrastructure, and education in line with its chosen development mandate to help reduce poverty and improve the living conditions of Africans as a whole. The overall goal of the group is to help mobilise international & domestic capital to support the continent’s economic and social development.
DLM Capital Group offers general financial and investment banking related services via its subsidiaries above which provide, corporate finance advisory, asset management, trust services, securities trading and forex dealing.
The Group also has a FinTech company which includes a full-service digital bank that provides general banking services to retail consumers. This also includes payment services and retail credit. Finally, the Group has a finance company that provides advances to mid-sized corporate businesses.
DLM has acquired c.57 percent of Recyclan Global Services Limited. The Company aggregates and processes local PET waste into EU food-grade standard recycled PET (rPET), exporting its products to a variety of customers across the world. In addition, DLM have acquired a 60percent stake in Velox Payments Limited.
Velox Payments Limited is a duly licensed Money Service Business by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The Company has recently released Version 1 of its mobile application to offer one-way flow to Nigerians living in diaspora who intend to send money back home. With total assets of over N46 billion, DLM is currently serving over 10,000 institutional and retail clients across diverse sectors.
On the distribution side, DLM works with domestic pension fund managers, asset managers, bank treasurers, corporate bankers, trustees, high net worth individuals and other retail investors, as well as with international emerging market fund managers and international banks with an appetite for sub-Sahara African investments.
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