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FMDQ approves FSDH Merchant Bank’s commercial paper

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
August 26, 2021
in Markets, Stock Market
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

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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.

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“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.

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Tags: FMDQ Securities Exchange LimitedFSDH Merchant Bank

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