The Board Listings and Markets Committee of the FMDQ Securities Exchange Limited has approved the quotation of the Rand Merchant Bank Nigeria Limited ₦4.50 billion Series 1 and ₦10.50 billion Series 2 Commercial Papers (CPs) under its ₦80.00 billion CP Issuance Programme on its platform.
Rand Merchant Bank is an authorised financial services provider and a subsidiary of FirstRand Group PLC. The Bank offers a comprehensive suite of investment banking products and services; advisory, finance and trading solutions; as well as investment opportunities and fund management to its diverse stakeholders.
These CPs are co-sponsored by Standard Chartered Capital & Advisory Nigeria Limited – lead sponsor; Rand Merchant Bank Nigeria Limited, Stanbic IBTC Capital Limited, FCMB Capital Markets Limited and FSDH Capital Limited – all Registration Member (Quotations) of the Exchange.
FMDQ Exchange says the CPs will enjoy all the benefits of its listing and quotation service, including global visibility through the FMDQ Exchange website and systems, governance, credible price formation and continuous information disclosure to protect investor interest, amongst others.
The Exchange, in October 2021, launched its Securities Admission Portal to automate all stages of FMDQ Exchange’s Securities Admission Service from the application filing to the review and approval stages.
The Exchange reiterates commitment to continuously leverage technology to foster innovation, transparency, and time-to-market efficiency in its securities admission service. FMDQ Exchange will continue to provide a dynamic and innovative platform for capital formation, offering institutions the support required to impact their sectors.
The Exchange reiterates commitment to continuously leverage technology to foster innovation, transparency, and time-to-market efficiency in its securities admission service.
