FMDQ Securities Exchange Limited, through its Board Listings and Markets Committee, welcomed the registration of the Nigerian Breweries PLC ₦100 billion Commercial Paper Issuance Programme on its platform.
This is in line with FMDQ’s commitment to accelerating the development of the Nigerian debt markets by providing a reliable and credible platform to support capital formation.
Nigerian Breweries, the Issuer, is the pioneer and largest brewing company in Nigeria, engaged in the making and selling of lager, stout, non-alcoholic malt, and soft drinks. It operates over 10 breweries and two malting plants across the country.
Through the registration of this CP Programme, the Issuer is availed the opportunity to raise short-term finance from the Nigerian debt markets at a time it deems suitable, through CP issuances, within the CP Programme limit.
The CP Programme is sponsored by Stanbic IBTC Capital Limited (the Lead Sponsor), FCMB Capital Markets Limited and FBNQuest Merchant Bank Limited, all Registration Member (Quotations) of the Exchange,
The successful admittance of 102 securities, valued at ₦3.36 trillion, on its platform so far in the year 2022 attests to the efficient and uniquely tailored listing and quotation service offered by FMDQ Exchange.
As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the Nigerian economy at large, FMDQ said it will continue to promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors.
Through the registration of this CP Programme, the Issuer is availed the opportunity to raise short-term finance from the Nigerian debt markets at a time it deems suitable, through CP issuances, within the CP Programme limit.
