United Capital quotes series 5, 6 & 7 CPs on FMDQ Exchange
By Kayode Tokede
As corporate institutions continue to tap the commercial paper (CP) market to meet their short-term funding needs and liquidity requirements, FMDQ Securities Exchange Limited (FMDQ Exchange) has remained relentless in taking the necessary steps towards promoting transparency, governance, integrity and efficiency in the Nigerian CP market and overall debt capital market (DCM).
It is with this mandate that the Board Listings and Markets Committee of FMDQ Exchange has approved the quotation of the United Capital Plc N1.56 billion Series 5, N13.99 billion Series 6 and N4.17 billion Series 7 CPs under its N50 billion CP Issuance Programme on the Exchange.
United Capital is a leading financial services Group focused on leveraging technology to empower businesses, individuals and governments with excellent financial services. The proceeds from the quotation of these CPs, which are co-sponsored by FSDH Capital Limited and UCML Capital PLC – Registration Member (Quotations) of FMDQ Exchange, will enable the company to provide a wider range of wholesale financing solutions to its clients as well as complement its funding base and support the growth of the overall business.
In keeping with its commitment to develop the DCM, FMDQ Exchange shall sustain its efforts in supporting issuers with tailored financing options to enable them achieve their strategic objectives, deepen and effectively position the Nigerian DCM for growth.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, risk management for financial market transactions; and 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.
