Tuesday, August 24, 2021
/ 3:26 PM / FMDQ Exchange / Header Image Credit: LinkedIn; FMDQ Group
FMDQ Securities Exchange Limited ('FMDQ Exchange' or the 'Exchange'), a wholly-owned subsidiary of FMDQ Holdings PLC ('FMDQ Group'), has worked collaboratively with market stakeholders to bring Nigeria's debt capital market (DCM) to international standards.
Following the due diligence process, the Exchange was pleased to announce the approval for the quotation of the FSDH Merchant Bank Limited ("FSDH") N2.28 billion Series 3, N1.79 billion Series 4, and N15.53 billion Series 5 CPs under its N40.00 billion CP Issuance Programme on its platform.
FSDH is a leading licensed merchant bank in Nigeria with subsidiaries in asset management, pension funds management and securities trading. The net proceeds from the quotation of the FSDH Series 3 - 5 CPs, which is sponsored on FMDQ Exchange by Stanbic IBTC Capital Limited - a Registration Member (Quotations) of FMDQ Exchange, will be utilized to support FSDH's short term financing requirements.
FMDQ Group is a vertically integrated financial market infrastructure (FMI) group. The Exchange provides a one-stop platform for trade execution, risk management, clearing & central counterparty settlement, a depository for traded securities, as well as data and information for the debt and foreign exchange markets, through wholly-owned subsidiaries - FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.
Related News - FMDQ