Banking & Finance

FMDQ Exchange Admits Mixta Real Estate PLC’s ₦0.96 billion Series 35 Commercial Paper on its Platform

FMDQ Securities Exchange Limited (“FMDQ Securities Exchange” or “the Exchange”) continues to fulfill its mandate to further deepen and effectively position the Nigerian Debt Capital Market (DCM) for growth, in support of the realisation of a globally competitive and vibrant economy. In this vein, FMDQ Exchange through its Board Listings and Markets Committee, has approved the Quotation of the ₦0.96 billion Series 35 Mixta Real Estate PLC Commercial Paper (‘CP’) under its ₦20.00 billion CP Issuance Programme on its platform. The proceeds from this CP quotation will be used to finance Mixta Real Estate PLC’s short-term funding requirements.

Mixta Real Estate PLC (“Mixta”), a subsidiary of Mixta Africa, is a leading real estate development company in Nigeria, with a strong track record and diverse real estate portfolio, and operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry. It has successfully developed well over 5,000 properties spanning across affordable homes, luxury residences, and commercial projects, and continues to seek innovative solutions to activate development finance for affordable housing in Nigeria.

The quotation of the Mixta Real Estate PLC ₦0.96 billion Series 35 CP, which was sponsored on the Exchange by FBNQuest Merchant Bank Limited, a Registration Member (Quotation) of FMDQ Exchange, is further testament to FMDQ’s leadership and resilience in providing the required support to businesses, corporates and government entities through the delivery of innovative and value-adding capital market solutions. As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a world-class Quotations Service, in line with its mandate.

 

Advertisement

FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services, seamless trading, clearing, settlement, risk management, and depository of financial market transactions, 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 and FMDQ Depository Limited.

Facebook Comments
Brand News Day

Recent Posts

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

2 weeks ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

2 weeks ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

2 weeks ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

3 weeks ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

3 weeks ago

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…

3 weeks ago

This website uses cookies.