FMDQ Securities Exchange Limited has announced the approval and admission of the MTN Nigeria Communications PLC’s ₦150 billion Commercial Paper (CP) Programme, and the ₦51.38 billion Series 1 and ₦75.62 billion Series 2 CPs under its ₦150.00 billion CP Issuance Programme on its platform.
The quotation 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.
The proceeds from these issuances will be utilised by MTN Nigeria to support its short-term working capital and funding requirements.
The issuances are co-sponsored by Stanbic IBTC Capital Limited – Lead Sponsor; Chapel Hill Denham Advisory Limited, Coronation Merchant Bank Limited, FBNQuest Merchant Bank Limited, FSDH Capital Limited, Standard Chartered Capital & Advisory Nigeria Limited and UCML Capital Limited (Co-Sponsors) – all Registration Member (Quotations) of the Exchange.
The proceeds from these issuances will be utilised by MTN Nigeria to support its short-term working capital and funding requirements.
MTN Nigeria is one of Africa’s largest providers of communications services and Nigeria’s premier provider of connectivity, communication and collaboration solutions.
MTN Nigeria is a member of MTN Group – a multinational telecommunications group, which operates in 21 countries in Africa and the Middle East. The Company serves over 77 million subscribers with national coverage and a fibre network that reaches every state in the nation.
As an exchange with a commitment to facilitate growth and development in the Nigerian debt capital market (DCM) and the economy at large, FMDQ Exchange said it will continue to show its commitment to promoting an efficient, transparent, and well-regulated market, to attract and retain both domestic and foreign investors.
FMDQ Group is reputed as Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and other financial services. It also operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
