FMDQ Securities Exchange Limited has announced the registration of CitiTrust Holdings Plc’s ₦ 50 billion Commercial Paper (CP) Programme on its platform.
According to the exchange, the CP programme registration, which is sponsored by Boston Advisory Limited, a registered member (Quotations) of the exchange – strategically positions CitiTrust Holdings to raise short-term finance easily and quickly from the Nigerian debt markets.
It stated that by the registration of its CP Programme and quotation of subsequent CPs from the Programme on FMDQ exchange, the company will avail of exceptional benefits which include, but are not limited to, an unrivalled and efficient platform for access to capital, enhanced
investor confidence, continuous information disclosure to protect investor interest, the effective price
the formation, and increased global visibility.
FMDQ also pointed out the successful registration following the approval of the board listings and markets committee, attesting to the efficient time-to-market and securities admission service offered by the exchange.
The exchange also added that with the significant milestone, CitiTrust Holdings Plc, a Pan-African financial and investment conglomerate in Nigeria, has joined other corporate institutions across various sectors of the economy to enjoy the benefits of visibility, transparency and liquidity for issuers and issues that come with the FMDQ exchange quotations service.
Through the platform, corporate institutions have continued to successfully tap the Nigerian debt markets to access stable finance to fund key activities in their organisations.
The commercial paper market, as administered by FMDQ Securities Exchange Limited continues to provide issuers renewed opportunities to grow their businesses and maintain the much-needed restored confidence of investors, whilst contributing to the overall growth of the Nigerian economy
FMDQ Exchange had recently announced the approval of the registration of C & I Leasing Plc ₦50.00 billion Commercial Paper (CP) Programme on its platform.
C& I Leasing PLC is a diversified, leasing and business service conglomerate providing support services to various indigenous and multinational organisations in West Africa along three lines: Fleet Management, Personnel Outsourcing, and Marine Service
FMDQ reiterated its commitment to continue to lead the transformation of the Nigerian Debt Capital Markets ( NDCM )by providing a cost-effective, efficient, well-regulated, transparent, and trusted platform for capital raising, whilst adding value to its diverse stakeholder groups with its vision of becoming ‘the most attractive Exchange in Africa by 2025’.
The Exchange also assured that it would also continue to sustain its efforts in supporting issuers with tailored financing options to enable them to achieve their strategic objectives, as well as deepen and effectively position the Nigerian debt markets for global competitiveness.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market 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.
