{"id":49165,"date":"2021-05-23T15:52:09","date_gmt":"2021-05-23T14:52:09","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=49165"},"modified":"2021-05-23T15:54:27","modified_gmt":"2021-05-23T14:54:27","slug":"fmdq-admits-nigerian-breweries-series-12-13-14-commercial-papers","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fmdq-admits-nigerian-breweries-series-12-13-14-commercial-papers\/","title":{"rendered":"FMDQ Admits Nigerian Breweries Series 12, 13, 14 Commercial Papers"},"content":{"rendered":"

Corporate institutions continue to successfully tap the Nigerian debt capital markets (DCM) to access stable short, medium and long-term finance to fund key activities in their organisations.<\/p>\n

The commercial paper (CP) market has shown resilience by providing issuers with a sustained opportunity to grow their businesses, whilst contributing to the overall growth of the Nigerian economy.<\/p>\n

\"\"<\/p>\n

In this regard, FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or \u201cthe Exchange\u201d) is pleased to announce the approval for the quotation of the Nigerian Breweries PLC (\u201cthe issuer\u201d) N1.05 billion Series 12, N0.94 billion Series 13, and N2.67 billion Series 14 Commercial Papers (the \u201cCPs\u201d) under its N100.00 billion Commercial Paper Issuance Programme on its platform. This brings the total CPs series issued by the issuer, since the renewal of its N100.00 billion CP Programme in 2019, to N156.20 billion, with a total of N14.76 billion currently active.<\/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

In a statement provided by the Finance Director, Nigerian Breweries PLC, Mr. Rob Kleinjan, he said, \u201cNigerian Breweries PLC is delighted to announce the quotation of series 12 \u2013 14 CP issuances under its N100.00 billion CP Issuance Programme. We are pleased with the continuous opportunity to access alternative source of funding to meet our short-term working capital needs.\u201d Also, the co-sponsors to the issue and Registration Member (Quotations) on FMDQ Exchange \u2013 FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited and Stanbic IBTC Capital Limited, through the Head, Capital Markets, FBNQuest Merchant Bank Limited, Mr. Oluseun Olatidoye stated that \u201cthe co-sponsors are delighted about the quotation of Nigerian Breweries PLC series 12 \u2013 14 CP issuance under the N100.00 billion programme. The funds raised will be utilised to meet the working capital needs of Nigerian Breweries PLC, and FBNQuest Merchant Bank is pleased with its role in further deepening the domestic debt markets\u201d.<\/p>\n

The quotation of this and other CPs on the Exchange\u2019s platform validates its conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets. FMDQ Exchange is committed to powering the growth of the Nigerian DCM by steadfastly availing its efficient and value-adding platform for the registration, listing, quotation and trading of securities.<\/p>\n

FMDQ Group is Africa\u2019s first vertically integrated financial market infrastructure (FMI) group providing a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services, as well as data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria, through its subsidiaries, FMDQ Exchange, FMDQ Clear Limited and FMDQ Depository Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"

Corporate institutions continue to successfully tap the Nigerian debt capital markets (DCM) to access stable short, medium and long-term finance to fund key activities in their organisations.<\/p>\n","protected":false},"author":6,"featured_media":36307,"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":[6256,1774],"coauthors":[2391],"class_list":["post-49165","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fmdq-exchange","tag-nigerian-breweries"],"yoast_head":"\nFMDQ Admits Nigerian Breweries Series 12, 13, 14 Commercial Papers - National Wire<\/title>\n<meta name=\"description\" content=\"Corporate institutions continue to successfully tap the Nigerian debt capital markets (DCM) to access stable short, m\" \/>\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\/fmdq-admits-nigerian-breweries-series-12-13-14-commercial-papers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMDQ Admits Nigerian Breweries Series 12, 13, 14 Commercial Papers - 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