The Exchange approved the quotation of the United Capital
N1.56 billion Series 5, N13.99 billion Series 6 and N4.17 billion Series 7 CPs
under its N50 billion CP Issuance Programme on the Exchange.
As corporate institutions continue to tap the CP market to
meet their short-term funding needs and liquidity requirements, FMDQ Securities
Exchange has remained relentless in taking the necessary steps towards
promoting transparency, governance, integrity and efficiency in the Nigerian CP
market and overall debt capital market (DCM).
The statement FMDQ stated proceeds from the quotation of
these CPs, which are co-sponsored by FSDH Capital Limited and UCML Capital Plc
– Registration Member (Quotations) of FMDQ Exchange, will enable the United
Capital to provide a wider range of wholesale financing solutions to its
clients as well as complement its funding base and support the growth of the
overall business.
According to the statement: “In keeping with its commitment
to develop the DCM, FMDQ Exchange shall sustain its efforts in supporting
issuers with tailored financing options to enable them achieve their strategic
objectives, deepen and effectively position the Nigerian DCM for growth.”
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