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Vanguard News
FMDQ admits Coronation Merchant Bank’s CPs
On
By Nkiruka Nnorom
FMDQ Securities Exchange Limited has approved the quotation of the N36.44 billion Commercial Papers (CPs) floated by Coronation Merchant Bank Limited on its platform.
The CPs comprised of N0.71 billion series 13 and N14.13 billion series 14 Commercial Papers (CPs) in March 2021, and the N1.41 billion Series 15 and N20.19 billion Series 16 CPs in May 2021, both under its N100 billion CP programme, on its platform.
The net proceeds from the CPs, according to the bank, would support its short term funding requirements.
The Exchange also approved the listing of the FSDH Funding SPV Plc N12 billion bonds, comprising of N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds under its N30 billion debt issuance programme on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up to raise capital from the Nigerian debt capital market for FSDH Merchant Bank Limited.
Views: Visits 3 Lists FSDH N12bn bonds By Nkiruka Nnorom FMDQ Securities Exchange Limited has approved the quotation of the N36.44 billion Commercial Papers (CPs) floated by Coronation Merchant Bank Limited on its platform. The CPs comprised of N0.71 billion series 13 and N14.13 billion series 14 Commercial Papers (CPs) in March 2021, and the N1.41 billion Series 15 and N20.19 billion Series 16 CPs in May 2021, both under its N100 billion CP programme, on its platform. READ ALSOOsun shut Inisa central mosque, bans congregational activities The net proceeds from the CPs, according to the bank, would support its short term funding requirements. The Exchange also approved the listing of the FSDH Funding SPV Plc N12 billion bonds, comprising of N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds under its N30 billion debt issuance programme on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up to raise capital from the N
By Goddy Egene
FMDQ Securities Exchange Limited has approved the listing of the FSDH Funding SPV Plc’s N7.05 billion Tranche A and N4.95 billion Tranche B Series 1 Fixed Rate Bonds, under the company’s N30 billion Debt Issuance Programme on its platform.
FSDH Funding SPV Plc is a special purpose vehicle set up to raise capital from the Nigerian debt capital market for FSDH Merchant Bank Limited.
Speaking on the issuance of the bonds, the Director, FSDH Funding SPV Plc, Mr. Adekunle Awojobi, said they were pleased about the successful N12 billion capital-raise under the FSDH Funding SPV Plc’s N30.00 billion Debt Issuance Programme.
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