FMDQ Securities Exchange Limited stated that the commercial paper series of FSDH Merchant Bank Limited has been accepted for quotation on its platform.
According to a statement released by FMDQ on Tuesday, the series consists of N2.28 billion Series 3, N1.79 billion Series 4, and N15.53 billion Series 5 commercial papers issued under the exchange’s N40 billion commercial paper issuance program
What FMDQ is saying?
FMDQ said, “The net proceeds from the quotation of the FSDH Series 3 – 5 CPs, which is sponsored on FMDQ Exchange by Stanbic IBTC Capital Limited – a Registration Member (Quotations) of FMDQ Exchange, will be utilised to support FSDH’s short term financing requirements.
“The successful admission of these CPs, following due approval, attests to the highly efficient time to market and ‘second-to-none listing and quotation services offered by FMDQ Exchange.
“With its streamlined and efficient registration process, FMDQ Exchange continues to show its steadfastness through the provision of a world-class quotation service, availing issuers and investors, global visibility, confidence and protection in the markets.”
FMDQ Exchange continues to demonstrate its stability through the provision of an international quotation service, offering issuers & investors, global visibility, trust and protection in the markets with its streamlined.