FMDQ Exchange Lists The Primero BRT Securitisation SPV Bond

Proshare

Friday, November 15, 2019 / 9:42 AM / By FMDQ / Header Image Credit: FMDQ

 

FMDQ Securities Exchange PLC ("FMDQ Exchange" or "the Exchange"), the choice platform for the registration, listing, quotation, trading and recording of financial securities, is pleased to announce the admission for listing on its platform, the Primero BRT Securitisation SPV PLC N16,500,000,000 Series 1 Fixed Rate Bond (the Primero BRT Bond).

 

This bond listing is in line with the Exchange's mandate of providing a reliable and credible avenue for corporate and governments, amongst others, to raise capital and by so doing, foster the deepening of the markets and ultimately, the economic development of the nation. Like other debt securities listed on FMDQ Exchange, the Primero Bond shall be availed global visibility through the FMDQ Exchange website and systems, governance and continuous information disclosure to protect investor interest, credible price formation amongst other benefits derived from being an FMDQ Exchange listing.

 

Primero BRT Securitisation SPV PLC, a special purpose vehicle, was set up by Primero Transport Services Limited, a private limited liability company that provides public transportation service to residents of Lagos State, to raise finance to support its operation through the issuance of debt securities. The net proceeds of the Primero Bond will be utilised for funding the operating assets of the Bus Rapid Transit System, amongst others.

 

As this institution and a host of others continue to effectively and sustainably meet their funding needs, as well as contribute to the development of the nation's capital markets through FMDQ Exchange's platform, the Exchange will continue to take crucial steps, in collaboration with market stakeholders, to deliver on its agenda of making the Nigerian financial markets globally competitive. A formal ceremony to commemorate this listing shall be announced in due course.

 

Proshare Nigeria Pvt. Ltd.


Related News

    1. 2nd FMDQ Gold Awards: Stanbic IBTC Emerges Primary and Secondary Market Award Winner
    2. Sanwo-olu Launches Financial Centre For Sustainability In Lagos, FMDQ To Serve As Secretariat
    3. FMDQ Securities Depository Goes Live, To Enhance Market Efficiency
    4. FMDQ Transits To A Full-fledged Securities Exchange
    5. FMDQ OTC Holds 7th AGM, Achieves 22% Turnover From Trading Activities in 2018 FY
    6. DMO Lists FRN Dual-Tranche $2.5bn and Triple Tranche $2.86bn Eurobond on FMDQ OTC
    7. British Deputy High Commissioner Lauds FMDQ For Its Role as An Innovative Financial Market
    8. Access Bank Lists Pioneer N15bn Nigerian Green Bond At FMDQ OTC
    9. FMDQ Admits Mixta Real Estate (Nigeria) PLC Bonds and Commercial Papers
    10. FMDQ Series II Roundtable Explores Role of Debt Market in Unlocking Nigeria's Housing Sector


    Proshare Nigeria Pvt. Ltd.

    Proshare Nigeria Pvt. Ltd.
    READ MORE:
    Related News
    SCROLL TO TOP