Home Business FMDQ quotes series 3 and 4 Commercial Papers of Coleman Technical Industries
BusinessNews

FMDQ quotes series 3 and 4 Commercial Papers of Coleman Technical Industries

Share
Share

By Chioma Obinagwam

FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) has approved the quotation of the Coleman Technical Industries Limited ₦2.40 billion Series 3 and ₦3.65 billion Series 4 Commercial Papers (CPs) under its ₦20.00 billion CP Issuance Programme on its platform.

Confiance News gathered from a statement issued by FMDQ Exchange on Friday.

“The successful quotation of these CPs is testament to the opportunities which the Nigerian debt capital market (DCM) avails to corporates in diverse business areas,” it said in the statement.

The Exchange added that is part of its conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets.

Coleman Technical Industries Limited (“CTIL”) is West Africa’s largest producer and distributor of electrical wires and cables.

Confiance News gathered that the quotation of these CPs which is sponsored by Coronation Merchant Bank Limited, Afrinvest Capital Limited, CardinalStone Partners Limited, FSDH Capital Limited and SFS Financial Services Limited – all Registration Member (Quotations) of FMDQ Exchange, strategically positions CTIL to raise short-term finance easily and quickly from the Nigerian DCM.

“As is tradition, CPs quoted on FMDQ Exchange benefit from the commendable and efficient CP quotation process, in addition to continuous provision of invaluable information and price formation as part of the Exchange’s commitment to organise, govern and enforce transparency in the Nigerian capital market space,” it assured.

FMDQ Exchange will continue to lead the revolution in the development of the Nigerian DCM by providing credible market structures to corporate and commercial businesses with the opportunities to meet their short-term funding requirements, whilst building their profiles in the Nigerian DCM space.

FMDQ Exchange remains positive about the possibilities of the Nigerian DCM and will continue to implement, with the support of its stakeholders, initiatives that will improve and support economic growth and development for the benefit of the citizenry.

As part of its conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets

FMDQ Group PLC (“FMDQ Group”) is Africa’s first vertically integrated financial market infrastructure 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.

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

Why NCC plans to unveil incident reporting guidelines

W Please follow and like us:

Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

Related Articles

Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been...

In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure

By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has...

10 men that changed the face of banking in Nigeria

The Nigerian banking sector has undergone significant transformations over the decades, thanks...

Denmark’s Consul General, FC4S Lagos, others collaborate for enhanced access to dairy products

By Chioma Obinagwam For Nigeria to achieve its nutritional goals, its teaming...

Advertisements