Tag: FMDQ Securities Exchange Limited

FMDQ Exchange lists BUA Cement Plc’s N115 billion Series 1 bond

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FMDQ Exchange has announced the listing of BUA Cement Plc’s N115 billion Series 1 fixed rate bond on its platform, as part of a N200 billion bond issuance programme.

This is according to a disclosure by FMDQ which reads: ‘’ FMDQ Exchange is pleased to welcome the listing of the largest corporate bond in the Nigerian debt capital markets, the BUA Cement PLC ₦115.00 billion Series 1 Fixed Rate Bond under its ₦200.00 billion Bond Issuance Programme, on its platform.’’

Recall that FMDQ Exchange had recently admitted a host of corporate bonds and commercial papers on its platform. Nairametrics had earlier reported the listing of Flour Mills, NMRC bonds worth N39.9 billion and the admittance of FG’s Sukuk bond worth N162.6 billion.

By the virtue of the listing of its bond on FMDQ platform, BUA Cement alongside other securities will be availed global visibility, transparency, governance and continuous information disclosure, amongst other value-added services.

 

For more information about the recent disclosure, click HERE

FMDQ Exchange lists Flour Mills, NMRC bonds worth N39.9 billion.

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FMDQ Exchange has announced the successful listing of Nigerian Mortgage Refinance Company Plc and Flour Mills of Nigeria Plc bonds worth N39.9 billion in total.

According to series of verified disclosures from the FMDQ Exchange, the breakdown of the listing showed that;

  • FMDQ Exchange successfully listed the Nigerian Mortgage Refinance Company Plc’s N 10 billion Series 3 Fixed Rate Bond on its platform, as part of its N440 billion Bond Issuance Programme.
  • Flour Mills of Nigeria Plc also listed its N4.89 billion Series 4 (Tranche A) and N25 billion Series 4 (Tranche B) Fixed Rate Bonds on the FMDQ platform, as part of its N70 billion Bond Issuance Programme.

The recent disclosure is sequel to a host of other listings earlier announced by FMDQ Exchange since this year. It provides the opportunity for the aforementioned firms to raise funds from the debt capital markets in a bid to plug in capital shortfalls and meet other statutory needs.

On the other hand, FMDQ Exchange has revealed that its Debt Market Size as at 19th of May, 2021 stands at N23.7 trillion.

FMDQ Exchange admits FG’sN162.6 billion Sukuk Bond.

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The Federal Government of Nigeria has once again demonstrated its unrelenting commitment to the development of local infrastructure through the debt capital markets, by listing the N162.56 billion Ijarah Sukuk bond on the FMDQ Securities Exchange.

This is according to a notification by FMDQ which reads: ‘’FMDQ Exchange has successfully admitted the following Bond to its platform: The Federal Government of Nigeria Roads Sukuk Company 1 Plc N162.56 billion Ijarah Sukuk’’.

Sukuk bond are sharia-compliant, fixed-income capital markets instruments, structured in a way to generate returns in conformity with Islamic principles and laws. Some of these principles include; the prohibition of interest, scrutinizing and funding only permissible assets (halal) among others.

The proceeds from the bond will be used to fund earmarked capital projects most especially roads, across the states in the federation.

Recall that the Federal Government of Nigeria through the Debt Management Office had recently announced the listing of the aforementioned bond on the Nigerian Stock Exchange and the FMDQ Exchange, as captured by Nairametrics.

What you should know:

  • The bond is the third sovereign Sukuk, sequel to the successful issuance of the N100 billion Sukuk in 2017 and another of equivalent amount in 2018.
  • The recent Sukuk has a maturity period of 7 years and at the time of issuance was massively subscribed by 446%

FMDQ admits Stanbic, MTN, Nigerian Breweries, Coronation Merchant Bank and 4 other CPs.

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FMDQ Securities Exchange has announced the approval for the quotation of Stanbic IBTC, MTN, Nigeria Breweries Plc and 5 other Commercial Papers.

According to series of verified disclosures from the FMDQ  Exchange, the comprehensive list of Commercial Papers recently approved for quotation on its platform are;

  • Mixta Real Estate N1.09 billion Series 34 CP under its N20 billion CP programme.
  • Stanbic IBTC Bank $8.31 million Series 2 CP under its N100 billion Multi-Currency CP Issuance Programme.
  • Nigerian Breweries N1.05 billion Series 12, N0.94 billion Series 13 and N2.67 billion Series 14 CPs under its N100 billion CP Issuance Programme.
  • Parthian Partners Limited N10 billion Series 1 (Tranche A), N5.26 billion Series 1 (Tranche B) and N4.74billion Series 2 CPs under its N20 billion CP Issuance Programme.
  • TrustBanc Holdings Limited N10 billion Commercial Paper
  • Eunisell Limited N10 billion Commercial Paper
  • Coronation Merchant Bank Limited N0.71 billion Series 13, N14.13 billion Series 14, N1.41 billion Series 15 and N20.19 billion Series 16 CPs under its N100 billion CP Programme.
  • MTN Nigeria Communications Plc N19.77 billion Series 3 and N53.74 billion Series 4 CPs under its N200 billion CP Issuance Programme.

It is pertinent to note that the admission will afford the aforementioned firms the opportunity to not only raise short term capital to support their business operations, but to also enjoy value-added benefits like visibility, transparency and liquidity that comes with being quoted on the FMDQ Exchange.