TrustBanc Holdings quotes CP series on FMDQ Exchange
By Kayode Tokede
The Nigerian Commercial Paper (CP) market continues to provide corporate entities across the various sectors of the Nigerian economy, an avenue to raise funds to meet shortfalls in their working capital, as well as other short-term expenditures.
Following due diligence process, FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, has approved the quotation of the TrustBanc Holdings Limited N0.20 billion Series 1 CP under its N10 billion CP Issuance Programme on its platform.
The quotation of the maiden CP series, following the successful registration of the CP Programme in April 2021, is further validation of FMDQ Exchange as the choice platform for the registration, listing, quotation, trading and recording of financial securities in the Nigerian financial market.
TrustBanc Holdings Limited is a registered brand investment management firm that offers an array of financial services such as banking, brokerage, forex trading, and wealth management, through its subsidiaries – TrustBanc Asset Management Limited, TrustBanc Capital Limited, TrustBanc Microfinance Bank, TrustBanc Artur Limited and Primelink Bureau De Change. The proceeds from the quotation of this CP will be used to fund the Issuer’s short-term financing requirement.
The TrustBanc Holdings CP, which was sponsored on the Exchange by UCML Capital Limited, a Registration Member (Quotation) of FMDQ Exchange, like all other securities, shall be made visible to investors and other market participants through the FMDQ Exchange’s website and systems, as well as FMDQ’s Daily Quotations List.
Investors shall also benefit from the continuous information disclosure and transparency availed to this CP. FMDQ Exchange is committed to remaining innovative and providing timely and cost-efficient services to support its stakeholders, particularly issuers and investors, towards accessing capital, managing risks and invariably, improving their corporate profile.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services, seamless trading, clearing, settlement, risk management, and depository of financial market transactions, 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 and FMDQ Depository Limited.
