Goddy Egene
FMDQ Securities Exchange Limited has approved the quotation of the Flour Mills of Nigeria Plc N10.00 billion Series 13 and N20.00 billion Series 14 Commercial Paper (CP) notes under its N100 billion CP Issuance Programme on the exchange.
According to exchange, as most businesses across the globe continue to grapple with the economic effects of the COVID-19 pandemic, FMDQ Holdings Plc has through its subsidiary, FMDQ Exchange, sustained its efforts in the provision of required support to governments, corporates and individuals through the delivery of innovative and dependable capital market solutions.
“The Nigerian CP market has remained a viable option for corporate entities looking to raise funds to meet shortfalls in their working capital needs, as well as other short-term expenditures. As with previous papers issued under the programme and like all other securities listed, quoted and traded on the FMDQ Exchange platform, the…
Source: Thisday Newspaper
