• Sunday, July 14, 2024
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Romco Recycling Company quotes N1.26bn Commercial Papers on FMDQ Exchange

FMDQ Exchange secondary market turnover up 51.62% to N41.69trn

FMDQ Exchange has approved the quotation of the Romco Recycling Company Limited N410million Series 1, N420 million Series 2 and N430million Series 3 Commercial Papers (CPs) under its N6billion CP Issuance Programme on its platform.

FMDQ Securities Exchange Limited, through consistent collaboration with its stakeholders, continues to deepen and effectively position the Nigerian debt markets for growth, supporting the realisation of a globally competitive and vibrant economy.

Romco Recycling Company Limited is a multinational non-ferrous metal recycler dedicated to sustainability. The company creates usable recycled metal ingots for manufacturers, reducing the need for mining raw materials. The proceeds from the quotation of these CPs, sponsored by Quantum Zenith Capital & Investments Limited, a Registration Member (Quotations) of the Exchange, will be used by the Issuer to support its short-term funding requirements.

To fulfill its mandate of deepening the Nigerian financial markets, FMDQ Exchange will consistently uphold its market development and governance responsibilities by providing a cost-effective, efficient, well-regulated, transparent, and reliable platform for raising and transferring capital, ensuring value for its diverse stakeholders.

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.