Nigeria’s largest securities exchange by turnover, FMDQ Securities Exchange Limited has once again demonstrated operational excellence in the processing and approval of the registration of the Union Bank of Nigeria Plc N100 billion Commercial Paper (CP) Programme, on the Exchange platform in September 2022. This registration will bring the total number of securities admitted on FMDQ Exchange to one hundred and ten (110) with a total market value of N3.36 trillion.
Union Bank of Nigeria Plc is one of Nigeria’s long-standing
banking institutions that offers a portfolio of banking services to
individuals, small and medium-scale enterprises, commercial and corporate
clients.
The registration of this CP Programme, which is sponsored by
UCML Capital Limited (Lead Sponsor), Standard Chartered Capital & Advisory
Nigeria Limited and Renaissance Securities (Nigeria) Limited – all Registration
Member (Quotations) of FMDQ Exchange, tactically positions Union Bank to raise short-term
finance from the Nigerian debt markets easily and quickly at a time in the
future it determines suitable, through CP issues, within the CP Programme
limit.
In support of its mandate to deepen the Nigerian financial
markets, FMDQ Exchange will continue to support the efficient allocation of
capital by providing a credible platform for capital formation and effective
intermediation towards fostering economic growth and development.
The Exchange will continue to fulfil its market development,
organiser, and governance mandates, by providing a cost-effective, efficient,
well-regulated, transparent, and trusted platform where the raising and
transfer of capital can take place, whilst adding value to its diverse
stakeholder groups.
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.
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