Paras Energy is a privately held energy company operating across the full power value chain, spanning power generation, solar engineering procurement and construction, substations, transmission infrastructure, and operations and maintenance. The Company is a member of the African Industries Group (“AIG” or the “Group”), a diversified industrial conglomerate with deep roots in the Nigerian economy and over five decades of operations in the country.
The Transaction represents the first time a privately held company in the power sector is issuing an unwrapped bond for its firstissuance. Proceeds of the Bond will be strategically deployed to expand Paras Energy’s generating capacity and accelerate its growth as an independent power plant operator, while deepening its client portfolio across West Africa.
The fully subscribed Bond Issue attracted robust demand from a broad and diversified investor base, including Pension Fund Administrators, Asset Managers, and High Net-Worth Individuals. The success of the bond issuancereflects strong market confidence in Paras Energy’s credit quality, governance framework, and long-term strategic vision despite this being its debut issuance.
This Transaction also represents African Industries Group’s inaugural issuance of alonger-dated tenor instrument in the Nigerian debt capital markets, underscoring the Group’s commitment to diversifying its funding sources, strengthening its capital structure, and positioning itself for sustainable, long-term growth.
