By Chioma Obinagwam
FMDQ Securities Exchange Limited (“FMDQ Exchange”), following the due diligence of its Board Listings and Markets Committee has, yet again, approved the Registration of the DLM Capital Group Limited ₦20.00 billion CP Programme on its platform. DLM Capital Group Limited (“DLM Capital Group”) is a leading Development Investment Bank that provides innovative solutions to economic and social development problems.
FMDQ told Confiance News in a statement on Tuesday.
Speaking on the importance of the programme registration, the Group Chief Executive Officer/Managing Director, DLM Capital Group Limited, Mr. Sonnie Ayere, stated that “DLM Capital Group is pleased to announce the quotation of its ₦20.00 billion CP Issuance Programme on FMDQ Exchange. The Funding Programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small and medium sized corporates across the country in addition to supporting our growing retail and consumer finance business.”
Also, the sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange, FBNQuest Merchant Bank Limited represented by the Head, Investment Banking, Mr. Patrick Mgbenwelu, said “FBNQuest Merchant Bank Limited is pleased about its role as Lead Arranger on the quotation of DLM Capital Group Limited’s ₦20.00 billion CP Programme and its plans on the subsequent issues under the Programme. FBNQuest Merchant Bank’s role reinforces our commitment to support medium and large companies in accessing the capital market for raising short-, medium- and long-term funding for their working capital requirements and capital expansion.”
As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange, a wholly owned subsidiary of FMDQ Group, shall continue to support institutional growth and stimulate continuous development of the economy at large, through the promotion and provision of a world-class listings and quotations service, in line with its mandate.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing & central counterparty, settlement, depository of securities, as well as data and information for the Nigerian financial market, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.
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