NSE Executive Director, Market Operations and Technology, Ade Bajomo, told the News Agency of Nigeria (NAN) in Lagos that the listing was to spur activities at the exchange.
A NAN investigation, however, revealed that the N10 billion was the first tranche of N30 billion bond approved by the exchange for the company.
Bajomo said the bond was one of the efforts by the company to finance long-term projects, adding that the NSE was delighted with the listing.
Bajomo urged more corporate companies to float corporate bonds this year with the current economic challenges to finance long-term projects.
According to him, firms require funding to pursue more capital projects and the capital market offers the best funding for long-term development projects.
