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Home Markets Equities Company Results

FMDQ Exchange lists BUA Cement Plc’s N115 billion Series 1 bond

Chidi Emenike by Chidi Emenike
May 24, 2021
in Company Results, Markets
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FMDQ Exchange has announced the listing of BUA Cement Plc’s N115 billion Series 1 fixed rate bond on its platform, as part of a N200 billion bond issuance programme.

This is according to a disclosure by FMDQ which reads: ‘’ FMDQ Exchange is pleased to welcome the listing of the largest corporate bond in the Nigerian debt capital markets, the BUA Cement PLC ₦115.00 billion Series 1 Fixed Rate Bond under its ₦200.00 billion Bond Issuance Programme, on its platform.’’

Recall that FMDQ Exchange had recently admitted a host of corporate bonds and commercial papers on its platform. Nairametrics had earlier reported the listing of Flour Mills, NMRC bonds worth N39.9 billion and the admittance of FG’s Sukuk bond worth N162.6 billion.

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By the virtue of the listing of its bond on FMDQ platform, BUA Cement alongside other securities will be availed global visibility, transparency, governance and continuous information disclosure, amongst other value-added services.

 

For more information about the recent disclosure, click HERE

Tags: FMDQ Securities Exchange Limited
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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