FMDQ Securities Exchange has approved the listing of Paras Energy Funding SPV Plc’s N15 billion, 5-year, 18% Series 1 Fixed Rate Bond. Issued under a N25 billion programme, the bond is designed to support the capital requirements of the Paras Energy group, an independent power provider for Nigeria’s national grid and industrial users. The funds, raised with the support of Rand Merchant Bank Nigeria and FCMB Capital Markets, will be used for infrastructure expansion and the refinancing of existing debt obligations to enhance power supply reliability.