FMDQ Exchange Limited disclosed that it has approved the quotation of the Dangote Cement PLC ₦34.00 billion Series 15 and ₦66.00 billion Series 16 Commercial Paper (CP) notes under its ₦150.00 billion Domestic CP Issuance Programme on the Exchange’s platform.
FMDQ Security Exchange which is known as FMDQ Exchange or the Exchange rolled out the back of note-worthy debt issuances on the Exchange. Added that the debt issuances on Exchange include the recently quoted Flour Mills of Nigeria ₦30.00bn CP notes, Sterling Bank ₦15.00bn CP notes and the United Capital ₦5.32bn CP notes, amongst others.
FMDQ Exchange Admits Dangote Cement CP
Meanwhile, despite the economic instability linked with the change of businesses into the new way due to the outbreak of COVID-19 pandemic, the Dangote Cement CP issuance and subsequent quotations on FMDQ Exchange stands as the highest.
Remarkably, its appears as the largest CP issuance by a non-financial institution in Nigeria – is another testament of the efficient listings and quotations service offered by FMDQ Exchange as well as the Exchange’s continued efforts to position the Nigerian capital market to support corporates and businesses seeking to raise capital to finance their funding needs.
FMDQ Holdings PLC (FMDQ Group or FMDQ) has through its subsidiary, FMDQ Exchange, continued to provide the required support to governments, corporates, and individuals through the delivery of innovative and dependable capital market solutions.
As with previous notes issued under the Programme and like all other securities listed, quoted and traded on the FMDQ Exchange platform, the Dangote Cement CPs shall be availed global visibility through FMDQ Exchange’s website and systems, as well as through their inclusion in the FMDQ Daily Quotations List, in order to ensure and maintain information transparency.