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FMDQ admits FSDH Merchant Bank’s new CP series

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COMFORT EKELEME

FMDQ Securities Exchange Limited has announced approval for the quotation of the FSDH Merchant Bank Limited (FSDH) ₦2.28 billion Series 3, ₦1.79 billion Series 4, and ₦15.53 billion Series 5 CPs under its ₦40.00 billion CP Issuance Programme on its platform.

FMDQ Exchange, a wholly-owned subsidiary of FMDQ Holdings Plc has continued to work collaboratively with market stakeholders to align the nation’s Debt Capital Market (DCM) to international standards and has taken commendable steps to ensure that growth and development opportunities abound for the markets under its purview.

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.

The successful admission of these CPs, following due approval attests to the highly efficient time to market and ‘second-to-none listing and quotation services offered by FMDQ Exchange.

With its streamlined and efficient registration process, FMDQ Exchange continues to show its steadfastness through the provision of a world-class quotation service, availing issuers and investors, global visibility, confidence, and protection in the markets.

FMDQ Group is Africa’s first vertically integrated Financial Market Infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing & central counterparty, settlement, depository of securities, as well as data and information for the Nigerian financial market, through its wholly-owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

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