The Nigerian debt markets continue to stand as a sustainable financing option as it provides the efficient mobilisation and allocation of resources in the economy to effectively support corporates looking to expand their business operations. It is against this backdrop that FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), Nigeria’s largest Securities Exchange by market turnover, through its Board Listings and Markets Committee, announced the registration of the Lionseal Industries Limited ₦10.00 billion Commercial Paper (CP) Issuance Programme on its Platform.
Lionseal Industries Limited (“Lionseal Industries” or the “Issuer”) is an agro-centred company in Nigeria that deals in the manufacturing of various formulations of herbicide, insecticides, fumigants, amongst others. Lionseal Industries also conducts training programmes for farmers, extension agents and distributors on weed eradication, identification and control of pests and diseases, spraying techniques and safety standards. The ₦10.00 billion CP Programme, which is sponsored by Meristem Capital Limited – a Registration Member (Quotations) of FMDQ Exchange, will avail the Issuer the opportunity to raise short-term finance from the Nigerian debt markets through CP issuances within the Programme limit. The 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.
As an Exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the economy at large, FMDQ Exchange will continue to remain innovative whilst providing timely and cost-efficient Securities Admission Service to support its stakeholders, particularly issuers and investors, towards accessing capital in the Nigerian debt markets, amongst other service offerings.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (“FMI”) 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 – 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.