FMDQ Securities Exchange has welcomed the registration of the UAC of Nigeria Plc N45billion Commercial Paper (CP) Programme on its platform.

The timely registration of this CP Programme follows due approval from the Exchange’s Board Listings and Markets Committee, and attests to the highly efficient time-to-market and uniquely tailored listing and quotation service offered by the Exchange.

UAC of Nigeria Plc is a leading diversified Company, operating in the Food and Beverage, Real Estate, Paint and Logistics sectors of the economy.

The registration of UAC of Nigeria Plc N45billion Commercial Paper is another remarkable achievement that continues to shape the world of corporate debt financing, and attests to the unique and credible platform for the registration, listing, quotation and trading of debt securities provided by FMDQ Securities Exchange Limited.

Related News

Read also: MTN Nigeria quotes N127bn Commercial Papers on FMDQ Exchange

This CP registration, which is sponsored by Stanbic IBTC Capital Limited – a Registration Member (Quotations) of the Exchange, strategically positions UAC to raise short-term finance easily and quickly from the Nigerian debt capital market (DCM). By the registration of its CP Programme and quotation of subsequent CPs on FMDQ Exchange, UAC will enjoy exceptional benefits which include, but are not limited to, unrivalled and efficient platform for access to capital, value transfer and risk management, enhanced investor confidence, effective price formation and global visibility.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp