FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) continues to support Nigeria’s corporate sector by providing a dynamic platform for capital access and liquidity management. As part of its commitment to deepening the Nigerian debt markets, the Exchange is pleased to announce the approval of Coleman Technical Industries Limited’s ₦100.00 billion Commercial Paper (CP) Issuance Programme, on its platform, marking another milestone in the company’s funding strategy.
Coleman Technical Industries Limited, a leading manufacturer of electrical cables and wires for power, control, communication, and infrastructure applications, has driven Nigeria’s industrial growth since 1975. With multiple factories in Ogun State and ongoing backward integration projects to produce copper and aluminium bars locally, the company is strengthening domestic manufacturing and reducing reliance on imports. This latest CP Programme builds on its previous engagements, strengthening its financial strategy and expansion plans. Sponsored by Coronation Merchant Bank Limited, a Registration Member (Quotations) of the Exchange, the CP Programme enables Coleman with access to short-term funding from Nigeria’s debt markets to support its working capital and operations.
FMDQ Exchange is committed to fostering a well-regulated and liquid financial market that attracts both local and international investors. Through innovative market solutions, the Exchange plays a pivotal role in enhancing corporate financing opportunities and driving Nigeria’s economic growth.
FMDQ Group PLC is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading platform, clearing & central counterparty, and settlement services for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group PLC, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.