{"id":1020813,"date":"2023-05-12T09:50:50","date_gmt":"2023-05-12T09:50:50","guid":{"rendered":"https:\/\/fmdqgroup.com\/exchange\/dangote-cement-plc-quotes-additional-series-of-commercial-paper-on-fmdq-exchange\/"},"modified":"2023-05-12T09:50:50","modified_gmt":"2023-05-12T09:50:50","slug":"dangote-cement-plc-quotes-additional-series-of-commercial-paper-on-fmdq-exchange","status":"publish","type":"post","link":"https:\/\/fmdqgroup.com\/exchange\/dangote-cement-plc-quotes-additional-series-of-commercial-paper-on-fmdq-exchange\/","title":{"rendered":"Dangote Cement PLC Quotes Additional Series of Commercial Paper on FMDQ Exchange"},"content":{"rendered":"
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Corporate institutions have continued to explore alternative financing options by tapping the Nigerian
\ndebt markets to sustain their business activities and plug capital shortfalls. FMDQ Securities Exchange Limited (\u201cFMDQ Exchange<\/strong>\u201d or the \u201cExchange<\/strong>\u201d) provides access to capital for corporate Institutions through its efficient and proficient Securities Admission Franchise. It is with this mandate that FMDQ Exchange, through its Board Listings and Markets Committee, has approved the quotation of the Dangote Cement PLC \u20a644.00 billion Series 4 and \u20a646.00 billion Series 5 Commercial Papers (\u201cCPs\u201d) under its \u20a6150.00 billion CP Programme<\/strong> on its platform.<\/p>\n

Dangote Cement PLC (\u201cDangote Cement<\/strong>\u201d) is one of Africa\u2019s largest cement producers, with a
\nproduction capacity of 51.6 million tonnes per year across ten (10) countries. The proceeds from the
\nDangote Cement Series 4 and 5 CPs, which are sponsored by Stanbic IBTC Capital Limited (Lead
\nSponsor), ARM Securities Limited, FSDH Capital Limited and Quantum Zenith Capital & Investments Limited (Co-Sponsors) \u2013 all Registration Member (Quotations) will be used to fund expansion projects, refinance short-term debts, as well as working capital expenditure.<\/p>\n

The admission of these CPs and other debt securities on the Exchange, by corporates across diverse
\nsectors, continue to validate FMDQ Exchange as the choice platform for the registration, listing and
\nquotation of debt securities in the Nigerian financial markets. It also lays credence to the innovation,
\nefficiency, and operational excellence for which the Exchange is reputed for, as endorsed by issuers,
\ninvestors, and other market stakeholders. FMDQ Exchange shall continue to provide an efficient
\nplatform targeted at supporting the aspirations of institutions and government within the Nigerian
\nfinancial markets.<\/p>\n

FMDQ Group is Africa\u2019s first vertically integrated financial market infrastructure (\u201cFMI<\/strong>\u201d) group,
\nstrategically positioned to provide registration, listing, quotation and noting services; integrated
\ntrading, clearing & central counterparty, settlement, and risk management for financial market
\ntransactions; depository of securities, as well as data and information services, across the debt capital,
\nforeign exchange, derivatives and equity markets, through its wholly owned subsidiaries \u2013 FMDQ
\nExchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a
\nsustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa\u2019s premier
\nGreen Exchange \u2013 FMDQ Green Exchange \u2013 positioned to lead the transition towards a sustainable
\nfuture.<\/p>\n

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