• Wednesday, July 17, 2024
businessday logo

BusinessDay

Alpha Mead Facilities registers N5bn CP programme on FMDQ Exchange

businessday-icon

FMDQ Securities Exchange Limited has announced the registration of Alpha Mead Facilities & Management Services Limited N5 billion Commercial Paper (CP) programme on its platform on May 27, 2024.

To ensure sustained business operations in today’s challenging economic environment, corporates are exploring alternative financing options by accessing the Nigerian debt markets to cover capital deficits.

Alpha Mead Facilities & Management Services Limited (Alpha Mead Facilities) is one of Africa’s leading facilities management companies, offering integrated facilities management operations and consultancy services to large, complex and multi-serviced facilities across Africa.

The registration of this CP Programme, sponsored by Pathway Advisors Limited, a Registration Member (Quotations) of the Exchange, allows Alpha Mead Facilities to efficiently raise short-term finance from the Nigerian debt markets through CP issues within the approved CP Programme limit.

Administered by FMDQ Exchange, the Nigerian CP market, consistently offers issuers new opportunities to expand their businesses and sustain investors’ confidence, thereby aiding the overall growth of the Nigerian economy.

The Exchange said it remains committed to providing a liquid, transparent, and efficient market to support corporate aspirations, enabling access to the necessary capital to bridge funding gaps in their respective sectors.

FMDQ Group PLC is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading platform, clearing & central counterparty, and settlement services for financial markets 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 PLC, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.