In furtherance of its commitment to deepening the Nigerian debt capital markets and supporting corporate access to long-term funding, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the listing of Veritasi Homes & Properties PLC’s ₦10.00 billion 3-Year 20.00% Series 1 Fixed Rate Bond under its ₦30.00 billion Bond Issuance Programme. This milestone highlights the Exchange’s role in facilitating efficient capital formation in Nigeria’s fixed-income market.
Veritasi Homes & Properties PLC (“Veritasi Homes” or the “Issuer”) is a leading real estate development company in Nigeria, with a proven track record of delivering high-quality residential and commercial properties across strategic locations. The proceeds from the Bond issuance, sponsored by Pathway Advisors Limited, Registration Member (Listings) of FMDQ Exchange, will be deployed towards financing ongoing and new real estate development projects, thereby expanding the Issuer’s footprint and contributing to efforts to bridge Nigeria’s housing deficit.
Commenting on the Bond listing, Ms. Tumi Sekoni, the Group Chief Operating Officer, FMDQ Group PLC, stated: “The successful listing of Veritasi Homes & Properties PLC’s Series 1 Fixed Rate Bond highlights the resilience and growing sophistication of Nigeria’s debt capital markets, as well as the pivotal role of the Exchange in facilitating long-term financing for key sectors of the economy. This transaction not only reflects investor confidence in the real estate sector but also underscores FMDQ Exchange’s unwavering commitment to providing an efficient, transparent, and credible platform for capital mobilisation, ultimately supporting sustainable economic growth and development in Nigeria.”
The successful listing of this Bond further reflects sustained investor appetite for well-structured fixed income securities and confidence in the Issuer’s robust business model and growth trajectory. It also demonstrates the capacity of the Nigerian capital markets to mobilise long-term funding for critical sectors such as real estate, setting a positive precedent for future issuances and encouraging more corporates to explore the capital markets for their financing needs.
FMDQ Exchange remains committed to providing a robust, transparent, and efficient marketplace that facilitates capital raising and promotes sustainable economic development. By leveraging its innovative platform and extensive network, the Exchange continues to connect issuers with a diverse pool of investors, fostering market growth, enhancing liquidity, and strengthening the resilience of the Nigerian financial markets.
FMDQ Group PLC (“FMDQ Group”) is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services for financial markets securities; an 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, derivatives and equity markets, among others, 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, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.