Markets
FMDQ admits new debt securities on its platform
The FMDQ Securities Exchange Limited has approved the quotation of the Mixta Real Estate Plc N2.39bn Series 28 Commercial Paper under the company’s N20bn Commercial Paper Issuance Programme on its platform.
The Exchange also admitted CardinalStone Partners Limited N5bn Series 1 Commercial Paper under its N10bn Commercial Paper Issuance Programme.
According to the FMDQ, the Nigerian CP market has remained a viable option for corporate entities looking to raise funds to meet shortfalls in their working capital, as well as other short-term expenditures.
It said the Mixta Real Estate and CardinalStone Partners CPs would be used to finance the issuers’ short-term funding requirements.
It added that the CPs would be availed global visibility through the FMDQ Exchange website and trading systems.
It would also have transparency through its inclusion in the FMDQ daily quotations list; governance and continuous information disclosure to protect investor interest; and credible price formation, among other benefits derived from being quoted on the Exchange.
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