{"id":48927,"date":"2021-05-12T11:22:17","date_gmt":"2021-05-12T10:22:17","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=48927"},"modified":"2021-05-12T11:22:17","modified_gmt":"2021-05-12T10:22:17","slug":"fsdh-funding-spv-plc-lists-series-1-bonds-on-fmdq-exchange","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fsdh-funding-spv-plc-lists-series-1-bonds-on-fmdq-exchange\/","title":{"rendered":"FSDH Funding SPV PLC Lists Series 1 Bonds On FMDQ Exchange"},"content":{"rendered":"

FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) has announced the approval, by the Board Listings and Markets Committee, of the listing of the FSDH Funding SPV PLC \u20a67.05 billion Tranche A and \u20a64.95 billion Tranche B Series 1 Fixed Rate Bonds (\u201cthe Bonds\u201d) under its \u20a630.00 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.<\/p>\n

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Speaking on the successful issuance of the Bonds, the Director, FSDH Funding SPV PLC, Adekunle Awojobi, said, \u201cwe are pleased about the successful \u20a612.00 billion capital-raise under the FSDH Funding SPV PLC\u2019s \u20a630.00 billion Debt Issuance Programme. The bond issue is the first series under the programme and comprises of two Tranches (Tranche A & B) of subordinated and senior bond notes, each with a 5-year tenure. The listing of the bonds on FMDQ\u2019s platform will help provide visibility and enhance the liquidity of the bonds. The net proceeds of the bond issue will be used to fund the growth of risk assets of the Sponsor, FSDH Merchant Bank Limited (the \u201cBank\u201d). A portion of the bond issuance will serve the dual purpose of shoring up the Bank\u2019s Tier 2 capital, in line with its Internal Capital Adequacy Assessment Process\u201d. He concluded by saying \u201cwe would like to thank and commend Union Capital Markets Limited for facilitating the listing of the bonds on FMDQ Exchange and the issuing houses, Stanbic IBTC Capital Limited, FSDH Capital Limited, Rand Merchant Bank Nigeria Limited, and United Capital PLC for their support in ensuring the successful capital raise\u201d.<\/p>\n

Also, the Director, Union Capital Markets Limited (the Sponsor of the Bond on the Exchange and a Registration Member Listings of FMDQ Exchange),\u00a0 Egie Akpata said, \u201cwe are delighted at the successful listing of the \u20a612.00 billion FSDH Funding SPV PLC Series 1 (Tranche A & Tranche B) bonds on FMDQ Exchange. The listing of the bonds on the Exchange allows for liquidity and trading of the bonds which is positive for the investors. We are glad that Union Capital Markets Limited was instrumental in the successful listing of the bonds on FMDQ Exchange and thank the Board and Management of FSDH Merchant Bank Limited for the opportunity to work with them\u201d.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cAs issuers continue to tap the Nigerian debt capital market to meet their funding needs effectively and sustainably, FMDQ Exchange will continue to work collaboratively with market stakeholders to align the nation\u2019s debt capital markets to international standards, and will, through the promotion of product and service innovation and the championing of key market development initiatives, take commendable steps to ensure that growth and development opportunities abound for the markets under its purview.<\/p>\n

\u201cFMDQ Group is Africa\u2019s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services, seamless trading, clearing, settlement, risk management, and depository of financial market transactions, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries \u2013 FMDQ Exchange, FMDQ Clear Limited and FMDQ Depository Limited\u201d, stated FMDQ.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) has announced the approval, by the Board Listings and Markets Committee, of the listing of the FSDH Funding SPV PLC \u20a67.05 billion Tranche A and \u20a64.95 billion Tranche B Series 1 Fixed Rate Bonds (\u201cthe Bonds\u201d) under its \u20a630.00 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.<\/p>\n","protected":false},"author":6,"featured_media":21743,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[6256,3729],"coauthors":[2391],"class_list":["post-48927","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fmdq-exchange","tag-fsdh"],"yoast_head":"\nFSDH Funding SPV PLC Lists Series 1 Bonds On FMDQ Exchange - National Wire<\/title>\n<meta name=\"description\" content=\"FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) has announced the approval, by the Board Listings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fsdh-funding-spv-plc-lists-series-1-bonds-on-fmdq-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FSDH Funding SPV PLC Lists Series 1 Bonds On FMDQ Exchange - 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