FMDQ Exchange Admits Flour Mills of Nigeria Bonds, the Nigeria Infrastructure Debt Fund, others, to its Platform

Share This Article
Share on facebook
Share on linkedin
Share on twitter
Share on email

Committed to providing uninterrupted services to all stakeholders in light of the activation of remote working for employees of FMDQ Holdings PLC (FMDQ Group or the Group) as part of steps taken by the Group to curb the spread of the COVID-19 pandemic, the Group’s wholly owned subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange), has, as with other FMDQ entities, continued to validate this commitment and is pleased to announce the admission of the Flour Mills of Nigeria PLC Series 3 ₦12.49 billion Tranche A and ₦7.50 billion Tranche B Fixed Rate Senior Unsecured Bonds(the Flour Mills of Nigeria Bonds), under the ₦70.00 billion Bond Issuance Programme, for listing on the Exchange, as approved by Board Listings and Markets Committee of the Exchange. Notably, the Exchange had in December 2018 admitted the Flour Mills of Nigeria Series 1 & 2 ₦20.11 billion bonds. Proceeds from these bonds will be used to refinance the food giant’s short-term debt obligation as well as support its working capital.

The Exchange also admitted for listing on its platform, the Chapel Hill Denham Nigeria Infrastructure Debt Fund Series 6 162.72 million Units of ₦100.00 each at ₦109.72 (the Chapel Hill NIDF or the Fund) under the ₦200.00 billion Issuance Programme. The Chapel Hill NIDF, which is the pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa, has its investment focus on the traditional infrastructure sectors, primarily transport, power, renewable energy, utilities, energy infrastructure, logistics and other public-private-partnership type investments. The Fund aims to enable investors access infrastructure as an asset class, while providing returns available from long-dated infrastructure debt investments.

In the same vein, the Coronation Merchant Bank Limited ₦0.32 billion Series 7 and ₦6.64 billion Series 8 Commercial Papers (CP) under the ₦100.00 billion CP Issuance Programme was also admitted for quotation on the platform of FMDQ Exchange.

These listings and quotation by these corporates continue to validate FMDQ Exchange as the choice platform for the registration, listing, quotation, trading and recording of financial securities in the Nigerian financial market. In turn, FMDQ Exchange strives to remain innovative even as it continues to provide timely and cost-efficient services, as may be necessary, to support its stakeholders, particularly issuers and investors, towards accessing capital, managing risks and invariably, improving their corporate profile. As has become tradition for FMDQ Exchange, these securities shall be availed benefits of FMDQ Exchange’s prestigious listings and quotations service including global visibility through the FMDQ Exchange website and systems, governance, credible price formation and continuous information disclosure to protect investor interest, amongst others.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services for the Nigerian financial market. With a vision to be “the leading African builder of ecosystems of financial infrastructure and services for markets”; and a mission to “collaborate to empower markets for economic progress towards delivering prosperity”, FMDQ Group is committed to continuous innovation and stakeholder engagement, towards making the Nigerian financial markets globally competitive, operationally excellent, liquid and diverse.

More Articles

FMDQ Academy Attains LPI and CPD Accreditations, Launches Capital Markets Course

Romco Recycling Company Limited Quotes ₦1.26 Billion Commercial Papers on FMDQ Exchange

FMDQ Exchange Admits the Eat & Go Finance SPV PLC Series 1 Bond on its Platform

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports


Get access to industry data and reports