FMDQ Exchange admits Eat & Go Finance SPV bond on its platform

Committed to fostering economic development by championing and supporting market-driven strategic initiatives, FMDQ Securities Exchange Limited, Nigeria’s largest Exchange by market turnover – with an annual average turnover of circa N166 trillion over the last eight (8) years, has admitted for listing on its platform, the Eat & Go Finance SPV Plc N3.50 billion Series 2 Fixed Rate Bond under its N15 billion Bond Issuance Programme.

Eat & Go Finance SPV Plc is a special purpose funding vehicle established by Eat ‘N’ Go Limited (“Eat ‘N’ Go”) to raise finance from the debt capital market through the listing of debt securities. Eat ‘N’ Go is a master franchisee for the Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt brands with over a hundred (100) stores established in nine (9) states across Nigeria.

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The proceeds generated from the Eat & Go SPV Plc Series 2 Bond, which is sponsored by Chapel Hill Denham Advisory Limited – a Registration Member (Listings) of the Exchange, will be used to fund reserve accounts and offset the costs of the Company’s capital expenditure, amongst others.

As part of its efforts toward unlocking the potential of the Nigerian economy, FMDQ Exchange will continue to promote market development in collaboration with its diverse stakeholders, to make the markets within its purview globally competitive.

Iheanyi Nwachukwu

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.