FMDQ Securities Exchange Limited (FMDQ Exchange) has listed new bonds and commercial papers worth about N70 billion as it continues to provide platform for companies to access amenable debt capital.

The new securities listed included Coronation Merchant Bank (MB) Funding SPV Plc’s N25 billion Series 1 Fixed Rate Bond, which was issued under the bank’s N100 billion bond issuance programme and Coronation Merchant Bank’s N1.29 billion Series 19 and N23.71 billion Series 20 Commercial Papers (CPs), which were issued under the bank’s N100 billion CP Issuance Programme this month.

FMDQ Exchange also listed FSDH Merchant Bank Limited’s N2.28 billion Series 3, N1.79 billion Series 4, and N15.53 billion Series 5 Commercial Papers, which were issued under the bank’s N40 billion CP Issuance Programme.

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 would be utilised to support FSDH’s short term financing requirements.

Coronation MB Funding SPV PLC is a special purpose vehicle set up to raise capital from the Nigerian debt capital market for Coronation Merchant Bank Limited. The bond which is sponsored by FBNQuest Merchant Bank Limited – would enhance the liquidity buffers of Coronation Merchant Bank, a key player in the Nigerian corporate banking, asset and fund management and securities trading sector. The net proceeds of the CPs quotation would be used to support the bank’s short term funding requirements.

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FMDQ noted that the successful admission of these securities attested to the highly efficient time to market and ‘second-to-none’ listing and quotation services offered by its platform.

“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 stated.

According to FMDQ, as part of commitment to deliver exceptional value to the financial markets and its stakeholders, FMDQ Exchange shall continue to validate its operational mandate of aligning the markets within its purview to international standards, striving to ensure they emerge as globally competitive, operationally excellent, liquid and diverse.

FMDQ Group is a vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing and central counterparty, settlement, risk management for financial market transactions; and 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 – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.