According
to the group, it said FMDQ Securities Exchange Limited continues to fulfill its
mandate to further deepen and effectively position the Nigerian Debt Capital
Market 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 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”, it added.
The
statement reads that Mixta Real Estate Plc, 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.
The real estate
company 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.
FMDQ hinted
that 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 of FMDQ Exchange, is further testament to FMDQ’s leadership
and resilience in providing the required support to businesses, corporate 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”, it said.
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,
the group engages in 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.
FMDQ
Exchange Admits Mixta Real Estate N0.96Bn Series 35 CP.
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