FLOURMILL Issues Series 13 and 14 of its 100bn CP Programme With FMDQ Exchange

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Thursday, April 16 2020 / 11:59 AM / NSE / Header Image Credit: FMDQ Exchange


Flour Mills of Nigeria Plc. (referred to as "Flour Mills" or "FMN"), Nigeria's leading food and agro-allied group, announces the issuance of N30 billion (series 13 & 14), under its N100,000,000,000 Commercial Paper Programme which was registered with the FMDQ OTC Plc. (FMDQ) on August 24, 2018.


All issuance totaling N7 billion under the programme are quoted on the FMDQ Exchange.


The management of FMN disclosed that the commercial paper programme will help the Company to strengthen its balance sheet, while it continues to focus on its strategic objective of sustaining its market leadership position within the foods and agro-allica space.

 

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