FMDQ Exchange has admitted for listing the Flour Mills of Nigeria Plc Series-3 N12.49billion Tranche A and N7.50billion Tranche B Fixed Rate Senior Unsecured Bonds, under the N70billion Bond Issuance Programme, as approved by Board Listings and Markets Committee of the Exchange.
Notably, the Exchange had in December 2018 admitted the Flour Mills of Nigeria Series 1 & 2 N20.11 billion bonds. Proceeds from these bonds will be used to refinance the food giant’s short-term debt obligation as well as support its working capital.
In light of the activation of remote working for its employees, FMDQ Holdings Plc is committed to providing uninterrupted services to all stakeholders.
As part of steps taken by the Group to curb the spread of the COVID-19 pandemic, the Group’s wholly owned subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange), has, as with other FMDQ entities, continued to validate this commitment.
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The Exchange also admitted for listing on its platform, the Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 6 162.72 million Units of N100 each at N109.72 (the Chapel Hill NIDF or the Fund) under the N200 billion Issuance Programme.
The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership type investments.
The Fund aims to enable investors access infrastructure as an asset class, while providing returns available from long-dated infrastructure debt investments. In the same vein, the Coronation Merchant Bank Limited N0.32 billion Series 7 and N6.64 billion Series 8 Commercial Papers (CP) under the N100billion CP Issuance Programme was also admitted for quotation on the platform of FMDQ Exchange.
These listings and quotation by these corporates continue to validate FMDQ Exchange as the choice platform for the registration, listing, quotation, trading and recording of financial securities in the Nigerian financial market.
In turn, FMDQ Exchange strives to remain innovative even as it continues to provide timely and cost-efficient services, as may be necessary, to support its stakeholders, particularly issuers and investors, towards accessing capital, managing risks and invariably, improving their corporate profile.
As has become tradition for FMDQ Exchange, these securities shall be availed benefits of FMDQ Exchange’s prestigious listings and quotations service including global visibility through the FMDQ Exchange website and systems, governance, credible price formation and continuous information disclosure to protect investor interest, amongst others.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services for the Nigerian financial market. With a vision to be “the leading African builder of ecosystems of financial infrastructure and services for markets”; and a mission to “collaborate to empower markets for economic progress towards delivering prosperity”, FMDQ Group is committed to continuous innovation and stakeholder engagement, towards making the Nigerian financial markets globally competitive, operationally excellent, liquid and diverse