With this CP Programme approval, FMDQ
Exchange, has once again demonstrated its commitment to enhancing access to
capital for real estate development, for the good of the Nigerian economy at
large.
Veritasi Homes & Properties Limited
(the “Issuer”) is a premium real estate company providing marketing, advisory
and developmental services across the real estate value chain in Nigeria. The
company’s vision is to be a world-class real estate development company driven
by value innovation and optimum service to deliver affordable homes.
The CP Programme positions the Issuer to
raise finance for a tenor up to two-hundred and seventy (270) days from the
debt market at a time in the future it deems suitable. The registration of this
CP Programme on the Exchange endorses FMDQ Exchange’s role as a market
organiser and lends credence to its reputation of pioneering innovation within
the Nigerian financial markets.
Speaking on the successful CP Programme
registration, the Managing Director, Veritasi Homes & Properties Limited,
Mr. Nola Adetola, stated “Veritasi Homes & Properties Limited is delighted
with the successful registration by FMDQ Exchange of our ₦10.00 billion CP
Programme.
The approval of this CP Programme
represents a significant milestone in our short term growth aspirations. We are
delighted that the proceeds from the issuance of the CP will be applied to
develop superior real estate projects designed for clients at home and in the
diaspora.
We want to thank Mega Capital Financial
Services Limited, the transaction sponsor, and Pathway Advisors Limited, our
financial adviser, for their efforts and professionalism in getting this
programme approved. Our commitment as a brand to building a trustworthy
business remains, and we look forward to other future engagements with the
capital market”.
Also, the sponsor of the CP Programme and a
Registration Member (Quotations) of FMDQ Exchange, Mega Capital Financial
Services Limited, through the Managing Director, Mr. Emmanuel Egbumokei,
mentioned that “Mega Capital Financial Services Limited is pleased about its
role as Sponsor of the registration of the Veritasi Homes & Properties
Limited’s ₦10.00 billion CP Programme and its plans on the subsequent issues
under the Programme.
Veritasi Homes & Properties Limited is
a real estate development company with focus on creating homes for both the low
and middle-income earners in Nigeria. This approved CP Programme will enable
Veritasi Homes & Properties Limited access funding from the debt capital
markets to actualise its strategic objectives”.
In accordance with its strategic objectives
to provide credible market structures to corporate and commercial businesses
with the opportunities to meet their short-term funding requirements, FMDQ has
continued to demonstrate its commitment by championing key market development
initiatives to ensure that growth and development opportunities abound for the
markets under its purview.
FMDQ Group PLC 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.