FMDQ Exchange admits Mixta Real Estate Series 42 – 44 CP on its platform

By Kayode Tokede

In a continuous bid to demonstrate its commitment to the development of the Nigerian capital markets, FMDQ Securities Exchange Limited (FMDQ Exchange), through its Board Listings and Markets Committee, approved the quotation of the Mixta Real Estate PLC N2.07 billion Series 42, N0.99 billion Series 43, and N4.66 billion Series 44 CPs under its N20.00 billion CP Issuance Programme on its platform.

These quotations, and others by corporates across diverse sectors, continue to validate FMDQ Exchange as the choice platform for the registration, listing and quotation of debt securities in the Nigerian financial market.

It also lays credence to the innovation, efficiency, and operational excellence for which the Exchange is reputed for as endorsed by issuers, investors, and other market stakeholders.

Mixta Real Estate , a subsidiary of Mixta Africa, specialises in the development of urban infrastructure and affordable housing and was established with the objective of responding to the existing housing deficit across the African continent.

The Mixta Real Estate CPs, which are sponsored on the Exchange by FBNQuest Merchant Bank – a Registration Member (Quotation), would be used to finance the issuer’s short-term funding requirements.

The issuer will also benefit from FMDQ Exchange’s diversified investor base, its highly responsive and efficient listing and quotation processes, and credible benchmark pricing required for appropriate portfolio valuation, amongst others.

FMDQ Exchange will continue to remain innovative even as it continues to provide timely and cost-efficient listing and quotation services to support its stakeholders, particularly issuers and investors, towards accessing capital in the Nigerian financial market, amongst other service offerings.