Rand Merchant Bank Nigeria Limited (RMB Nigeria) acted as Lead Issuing House and Bookrunner on the Transaction.
Paras Energy is a privately held energy company operating across the full power value chain, spanning power generation, solar engineering procurement and construction, substations, and transmission infrastructure. and operations and maintenance.
As a member of the African Industries Group (AIG), the company is 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 first issuance. 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. Related News RMB ranks second-best employer in Nigeria for 2026 Rand Merchant Bank to raise N40bn from capital market Rand Merchant Bank ranks Nigeria 9th destination to invest in Africa
