FMDQ Admits FCMB N30Bn Series 1 Paper On Platform

FMDQ Admits FBNQuest Merchant Bank's Commercial Paper On Its Platform -  Oriental News Nigeria

Yemisi Izuora

The FMDQ Securities Exchange Limited, has 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.

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