Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Fixed Income Securities

Nigerian Mortgage Refinance Company, Flour Mills list bond on FMDQ Exchange

Chidi Emenike by Chidi Emenike
January 28, 2021
in Securities
AFEX to partner with FMDQ and Dubai Commodities Exchange, Nigerian Mortgage Refinance Company, Flour Mills list bond on FMDQ Exchange.

Bola Onadele Koko, CEO FMDQ

Share on FacebookShare on TwitterShare on Linkedin

FMDQ Securities Exchange Limited has announced the listing of the Nigerian Mortgage Refinance Company (NMRC) and Flour Mills of Nigeria, bonds on its platform, following due diligence by the Board, Listing and Markets Committee.

According to a verified tweet by the FMDQ Group seen by Nairametrics, the Nigeria Mortgage Refinance Company Plc listed a N10 billion Series 3 Fixed Rate Bond under the FMDQ Exchange N44 billion bonds issuance programme.

On the other hand, FMDQ Group also announced the successful listing of Flour Mills of Nigeria Plc N4.89 billion Series 4 Tranche A and N25 billion Series 4 Tranche B Fixed Rate Bonds under its N70 billion bond issuance programme on the exchange’s platform.

RelatedPosts

Nigeria’s unclaimed dividends rises to N180 billion

Retail investors with as low as N5,000 can now invest in FG Bonds

The listing is the sequel to a host of other corporate securities issued on the FMDQ platform since the beginning of this year, i.e., 2021 which comprises commercial paper issuances by Total Nigeria Plc, Valency Agro Nigeria Ltd, and Mixta Real Estate Plc.

What this means

The recent listing reflects investors’ confidence in the Nigerian Debt Capital Market to provide necessary funds for corporate entities, in a bid to bridge capital shortfall occasioned by the COVID-19 pandemic. The availability of the funds will help strengthen the capacity of the listed firms to continue in business, protecting jobs and averting the collapse of these firms.

In lieu of this, the listed securities will be afforded the opportunity to leverage the benefits of value-driven listings and quotations service on the FMDQ exchange, including global visibility through its website and system.

What you should know

  • Nairametrics had earlier reported the admission of Total Nigeria Plc and 2 other CPs by FMDQ Securities Exchange.
  • The NMRC is a public limited liability company incorporated on the 24th of June, 2013 with the core mandate of refinancing mortgages. It was set up to bridge the funding cost of residential mortgages and promote the availability as well as the affordability of good housing to Nigerians by providing increased liquidity in the mortgage market through the mortgage and commercial banks.
  • DLM capital acted as issuing house and financial advisors on the Nigeria Mortgage Refinance Company Series 3 Bond Issuance.

Related

Tags: Flour MillsFMDQ Securities Exchange LimitedNigerian Mortgage Refinance Company (NMRC)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • US government places $100,000 bounty on “cryptoqueen”, Ruja Ignatova, for $4 billion crypto scam
    • Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim
    • Will you be paying for Telegram premium features?

    Follow us on social media:

    Recent News

    US government places $100,000 bounty on “cryptoqueen”, Ruja Ignatova, for $4 billion crypto scam

    US government places $100,000 bounty on “cryptoqueen”, Ruja Ignatova, for $4 billion crypto scam

    July 1, 2022
    Lagos fuel crisis escalates to all parts of the state, scarcity caused by contaminated product

    Oil marketers threaten massive fuel scarcity by next week, deny FG’s N74 billion payment claim

    July 1, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com