FMDQ Exchange admits Mixta Real Estate Plc Series 42

In a continuous bid to demonstrate its commitment to the development of the Nigerian capital markets, FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, approved the quotation of the Mixta Real Estate Plc N2.07 billion Series 42, N0.99 billion Series 43, and N4.66 billion Series 44 CPs under its N20billion CP Issuance Programme on its platform.

These quotations, and others by corporates across diverse sectors, continue to validate FMDQ Exchange as the choice platform for the registration, listing and quotation of debt securities in the Nigerian financial market.

It also lays credence to the innovation, efficiency, and operational excellence for which the Exchange is reputed for as endorsed by issuers, investors, and other market stakeholders.

Mixta Real Estate PLc (Mixta), a subsidiary of Mixta Africa, specialises in the development of urban infrastructure and affordable housing and was established with the objective of responding to the existing housing deficit across the African continent. The Mixta Real Estate CPs, which are sponsored on the Exchange by FBNQuest Merchant Bank – a Registration Member (Quotation), would be used to finance the issuer’s short-term funding requirements. The issuer will also benefit from FMDQ Exchange’s diversified investor base, its highly responsive and efficient listing and quotation processes, and credible benchmark pricing required for appropriate portfolio valuation, amongst others.

FMDQ Exchange said it will continue to remain innovative even as it continues to provide timely and cost-efficient listing and quotation services to support its stakeholders, particularly issuers and investors, towards accessing capital in the Nigerian financial market, amongst other service offerings.

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, risk management for financial market transactions; and 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.

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By Iheanyi Nwachukwu • September 6, 2021

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.