Dimension Data SPV Funding Plc has opened subscriptions for its Series 1 Corporate Bond issuance of up to N5 billion under a N20 billion bond programme, in a move aimed at raising long-term capital to expand fibre network infrastructure and deepen Nigeria’s digital economy.
The offer, which is being arranged by Pathway Advisors Limited as Lead Issuing House and Bookrunner, is structured through a book-building process that opened on June 21, 2026, and is scheduled to close on June 29, 2026According to the offer details, the three-year bond is being issued at a coupon rate of 18.50 per cent to 20.00 per cent per annum, with coupon payments to be made semi-annually. The final coupon rate will be determined after completion of the book-building exercise.
The company said proceeds from the issuance will be deployed toward strategic investments in fibre network expansion, capacity enhancement, and service quality improvement across its operations.
It explained that the planned investments are designed to support Nigeria’s rapidly growing digital ecosystem, including fintech operations, enterprise connectivity services and broader technology-driven solutions.
“The proceeds from the bond issuance will be deployed towards strategic investments in fibre network expansion, capacity enhancement and service quality improvement,” the company stated.
It added that these investments would “strengthen the infrastructure underpinning Nigeria’s rapidly growing fintech ecosystem, enterprise connectivity requirements, and broader digital economy.”
Dimension Data noted that the funding initiative will help position the company to take advantage of rising demand for digital services, driven by increased adoption of technology across key sectors of the economy.
The bond issuance also provides investors with exposure to critical digital infrastructure assets with strong long-term growth potential, the company said.
Dimension Data SPV Funding Plc and its sponsor, Dimension Data Limited, both received investment-grade ratings from local rating agencies. Agusto & Co assigned a BBB+ rating to the sponsor and the bond, while DataPro Limited rated the sponsor BBB+ and the bond A-.
The minimum subscription for the offer is set at N10 million.
Dimension Data Limited, the sponsor of the bond programme, is an Information and Communications Technology (ICT) solutions provider with operations spanning connectivity services, systems integration, data centre services, and cloud solutions in Nigeria.
