FMDQ Exchange admits Mixta real state’s N0.96bn series 35 CP

By Kayode Tokede

FMDQ Securities Exchange Limited (FMDQ Securities Exchange) has continued to fulfill its mandate to further deepen and effectively position the Nigerian Debt Capital Market (DCM) for growth, in support of the realisation of a globally competitive and vibrant economy.

In this vein, FMDQ Exchange through its Board Listings and Markets Committee, has approved the Quotation of the N0.96 billion Series 35 Mixta Real Estate Plc Commercial Paper (CP) under its N20 billion CP Issuance Programme on its platform. The proceeds from this CP quotation will be used to finance Mixta Real Estate Plc’s short-term funding requirements.

Mixta Real Estate, a subsidiary of Mixta Africa, is a leading real estate development company in Nigeria, with a strong track record and diverse real estate portfolio, and operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry.

It has successfully developed well over 5,000 properties spanning across affordable homes, luxury residences, and commercial projects, and continues to seek innovative solutions to activate development finance for affordable housing in Nigeria.

The quotation of the Mixta Real Estate N0.96 billion Series 35 CP, which was sponsored on the Exchange by FBNQuest Merchant Bank Limited, a Registration Member (Quotation) of FMDQ Exchange, is further testament to FMDQ’s leadership and resilience in providing the required support to businesses, corporates and government entities through the delivery of innovative and value-adding capital market solutions.

As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a world-class Quotations Service, in line with its mandate.