FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) plays a crucial role in facilitating access to capital for corporate institutions through its efficient Securities Admission Service. This service enables companies to explore alternative financing options by leveraging the Nigerian debt markets to sustain their business activities and address capital needs. In this regard, the Exchange, through its Board Listings and Markets Committee, approved the quotation of Coleman Technical Industries Limited ₦5.35 billion Series 1 and ₦11.76 billion Series 2 Commercial Papers (CPs) under its ₦100.00 billion CP Issuance Programme on its platform.

Coleman Technical Industries Limited, a leading manufacturer of electrical cables and wires for power, control, communication, and infrastructure applications, has been a key player in Nigeria’s industrial growth since 1975. With multiple factories in Ogun State and ongoing backward integration projects for domestic copper and aluminium bars production, Coleman is enhancing local manufacturing and reducing dependence on imports. The proceeds from this quotation, sponsored by a consortium of reputable firms including Coronation Merchant Bank Limited (Lead Sponsor), Afrinvest Capital Limited, CardinalStone Partners Limited, Cordros Capital Limited, FCMB Capital Markets Limited, FSDH Capital Limited, and United Capital PLC (Co-Sponsors), all Registration Member (Quotations) of the Exchange, will be used by the Issuer to support its short-term funding needs.

In fulfilling its mandate of deepening the Nigerian financial markets, FMDQ Exchange remains committed to market development and governance by providing a cost-effective, efficient, well-regulated, transparent, and reliable platform for raising and transferring capital, thereby ensuring value for its diverse stakeholders.

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.