{"id":497159,"date":"2022-08-30T14:51:31","date_gmt":"2022-08-30T14:51:31","guid":{"rendered":"https:\/\/fmdqgroup.com\/exchange\/fmdq-exchange-approves-the-registration-of-the-infinity-microfinance-bank-%e2%82%a65-00bn-commercial-paper-programme-on-its-platform\/"},"modified":"2022-08-30T14:51:31","modified_gmt":"2022-08-30T14:51:31","slug":"fmdq-exchange-approves-the-registration-of-the-infinity-microfinance-bank-%e2%82%a65-00bn-commercial-paper-programme-on-its-platform","status":"publish","type":"post","link":"https:\/\/fmdqgroup.com\/exchange\/fmdq-exchange-approves-the-registration-of-the-infinity-microfinance-bank-%e2%82%a65-00bn-commercial-paper-programme-on-its-platform\/","title":{"rendered":"FMDQ Exchange Approves the Registration of the Infinity Microfinance Bank \u20a65.00bn Commercial Paper Programme on its Platform"},"content":{"rendered":"
\"\"<\/p>\n

Having successfully met the FMDQ Exchange Commercial Paper (\u201cCP\u201d) Quotation requirements and following the subsequent approval of the Board Listings and Markets Committee of FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d or the \u201cExchange\u201d), the Infinity Microfinance Bank Limited \u20a65.00 billion CP Programme was admitted on the Exchange\u2019s platform on August 24, 2022. The successful registration of this CP Programme is yet another notable stride in FMDQ Exchange\u2019s drive to develop a vibrant and efficient debt market despite economic and market uncertainties. The Nigerian CP market continues to provide issuers renewed opportunity to grow their businesses and restore the much-needed confidence of investors, whilst contributing to the overall growth of the Nigerian economy.<\/p>\n

Inifinity Microfinance Bank Limited (the \u201cIssuer\u201d) is a financial establishment that focuses on small and medium-sized business enterprises and provides services such as the mobilisation of small savings and the provision of small business loans. This CP Programme which is sponsored by FSDH Capital limited \u2013 a Registration Member (Quotations) of the Exchange \u2013 will avail the Issuer the opportunity to raise short-term finance from the Nigerian CP market.<\/p>\n

According to the Managing Director, Infinity Microfinance Bank Limited, Mr. Oludotun Adewunmi, \u201cInfinity Microfinance Bank Limited is pleased to announce the quotation of its \u20a65.00 billion Commercial Paper Issuance Programme on FMDQ Securities Exchange Limited. The CP Programme is an important strategic move for the Bank towards achieving its mandate of supporting the growth of low-income households as well as micro, small & medium-sized enterprises across Lagos State. The registration of this CP Programme, in addition to allowing Infinity Microfinance Bank broaden its sources of funding, has availed the Bank with a platform to raise short-term finance, within the CP Programme limit, from the Nigerian debt markets when it deems suitable\u201d.<\/p>\n

Commenting on the successful registration of the Programme, Mr. Tolu Osinibi, Managing Director, FSDH Capital Limited (\u201cFSDH Capital\u201d) said, \u201cFSDH Capital is pleased to have advised Infinity Microfinance Bank Limited on this landmark registration of its \u20a65.00 billion Commercial Paper Issuance Programme. This is the first CP Programme to be registered by a microfinance bank on FMDQ Securities Exchange Limited and without a doubt sets the pace for other duly licensed and regulated microlending institutions seeking to raise capital via the issuance of commercial papers. The admission on the FMDQ Exchange platform will deliver maximum market visibility and enhanced liquidity of CPs issued under the CP Programme. We are thankful to the Board and management of Infinity Microfinance Bank Limited for trusting FSDH Capital to execute this landmark transaction and provide the expert guidance required to navigate the challenges faced by first-time issuers in the markets\u201d.<\/p>\n

As part of its mandate to organise and govern markets within its purview and align the Nigerian debt markets with international best practices and standards, FMDQ Exchange will continue to promote credibility for securities admitted on its platform, through its highly efficient registration, listing and quotation service, instituting requisite world-class standards to drive transparency, governance, market oversight and liquidity to power growth in the Nigerian financial markets.<\/p>\n

FMDQ Group is Africa\u2019s first vertically integrated financial market infrastructure (\u201cFMI\u201d) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market 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 \u2013 FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa\u2019s premier Green Exchange \u2013 FMDQ Green Exchange \u2013 positioned to lead the transition towards a sustainable future.<\/p>\n

The post FMDQ Exchange Approves the Registration of the Infinity Microfinance Bank \u20a65.00bn Commercial Paper Programme on its Platform<\/a> appeared first on FMDQ Group<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\"\"<\/p>\n

Having successfully met the FMDQ Exchange Commercial Paper (\u201cCP\u201d) Quotation requirements and following the subsequent approval of the Board Listings and Markets Committee of FMDQ Securities Exchange Limited (\u201cFMDQ Exchange\u201d \u2026<\/p>\n

FMDQ Exchange Approves the Registration of the Infinity Microfinance Bank \u20a65.00bn Commercial Paper Programme on its Platform<\/span> Read More \u00bb<\/a><\/p>\n

The post FMDQ Exchange Approves the Registration of the Infinity Microfinance Bank \u20a65.00bn Commercial Paper Programme on its Platform<\/a> appeared first on FMDQ Group<\/a>.<\/p>\n<\/div>\n","protected":false},"author":5,"featured_media":497160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[192],"tags":[],"class_list":["post-497159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fmdq-in-the-news"],"_links":{"self":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts\/497159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/comments?post=497159"}],"version-history":[{"count":0,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/posts\/497159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/media\/497160"}],"wp:attachment":[{"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/media?parent=497159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/categories?post=497159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fmdqgroup.com\/exchange\/wp-json\/wp\/v2\/tags?post=497159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}