Following due diligence process, FMDQ
Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) approved the
quotation of the First City Monument Bank Limited ₦30.00 billion Series 1
Commercial Paper (CP) under its ₦100.00 billion CP Issuance Programme on its
platform.
First City Monument Bank Limited (“FCMB”)
is a full-service banking institution and a member of FCMB Group PLC, that
provides a wide range of personal banking, business banking and corporate
banking services with market-proven solutions that drive digital transformation
in the banking industry.
The proceeds from this CP, which is
sponsored by FCMB Capital markets Limited – a Registration Member (Quotations)
of FMDQ Exchange, will be used by FCMB to support its short-term financing
requirements.
As part of its commitment to organise and
facilitate credibility and transparency in the Nigerian debt capital market
(DCM) space, FMDQ Exchange shall continue to drive initiatives that are
targeted at improving liquidity of securities listed and quoted on its platform,
thereby supporting the aspirations of businesses.
The Exchange will remain unyielding in its
support for the development of the Nigerian DCM through its highly efficient
platform for the registration, listing, quotation and trading of securities,
thereby providing access to capital.
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.