NOVA Merchant Bank will greatly benefit by gaining access to
a wide range of knowledgeable and capitalised investors with the registration
of its CP programme and subsequent quotation of CP notes on FMDQ Exchange.
NOVA Merchant Bank is a merchant bank in Nigeria that
provides end-to-end financial services solutions covering corporate banking,
investment banking, advisory, capital markets, and wealth & asset
management. The registration of this CP Programme, which is co-sponsored by EAC
Advisory Limited, FSDH Capital Limited, United Capital PLC and Renaissance
Securities (Nigeria) Limited – Registration Members (Quotations) of the
Exchange, strategically positions Nova Merchant Bank to raise short-term
finance from the Nigerian debt capital markets (DCM) easily, through CP issues
within its CP Programme and quote same on FMDQ Exchange for visibility of the
issue and desired transparency for the investors.
According to the Managing Director/Chief Executive Officer,
NOVA Merchant Bank Limited, Mr. Nath Ude, “the successful listing of our ₦50.00
billion CP Programme on the FMDQ platform further gives credence to NOVA Merchant
Bank’s beliefs in the Nigerian debt capital market and puts the Bank in a
position to broaden its potential funding sources and create superior value in
the financial market which it serves.
This comes after the successful listing of our ₦10.00 billion
bonds on FMDQ Exchange which was oversubscribed by 300% last year. We remain
driven by our aspiration to transform the African financial services landscape
with fresh thinking and innovative solutions”.
As NOVA Merchant Bank and a host of other corporates
continue to meet their funding needs effectively and sustainably, as well as
contribute to the development of the nation through their activity in the DCM,
FMDQ Group PLC (“FMDQ Group” or “FMDQ”) and its entities will continue to take
crucial steps towards upgrading and aligning the Nigerian financial market in
line with its mandate to deepen the sophistication of the markets.
FMDQ Group is Africa’s first vertically integrated financial
market infrastructure (FMI) group, strategically positioned to provide
registration, listing, quotation and noting services; integrated trading,
clearing & central counterparty, settlement, and risk management for
financial market transactions; 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.
As a sustainability-focused FMI group, FMDQ Group, through
FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange –
positioned to lead the transition towards a sustainable future.
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