FMDQ Securities Exchange Limited, following the due diligence of its Board Listings and Markets Committee, has again approved the registration of the DLM Capital Group Limited ₦20 billion CP Programme on its platform.
DLM Capital Group Limited is a leading Development Investment Bank that provides innovative solutions to economic and social development problems.
The Investment Bank comprises subsidiaries in bespoke corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private and non-private corporations.
Speaking on the importance of the programme registration, the Group Chief Executive Officer/Managing Director, DLM Capital, Sonnie Ayere, said: “DLM Capital Group is pleased to announce the quotation of its ₦20.00 billion CP Issuance Programme on FMDQ Exchange.
“The Funding Programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small & medium sized corporates across the country in addition to supporting our growing retail and consumer finance business.”
FBNQuest Merchant Bank Limited is the sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange.
The Funding Programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small & medium sized corporates across the country in addition to supporting our growing retail and consumer finance business.
The Head, Investment Banking, FBNQuest, Patrick Mgbenwelu, said: “FBNQuest Merchant Bank Limited is pleased about its role as Lead Arranger on the quotation of DLM Capital Group Limited’s ₦20.00 billion CP Programme and its plans on the subsequent issues under the Programme.
FBNQ Merchant Bank’s role reinforces our commitment to support medium and large companies in accessing the capital market for raising short-, medium- and long-term funding for their working capital requirements and capital expansion”.
To unlock the potential of the Nigerian economy, FMDQ Exchange, a wholly owned subsidiary of FMDQ Group, promises to continue to support institutional growth and stimulate continuous development of the economy at large, through the promotion and provision of a world-class listings and quotations service, in line with its mandate.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group. It provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing and central counterparty, settlement, depository of securities, as well as data and information for the Nigerian financial market, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.
