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

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.