FMDQ Exchange Admits the Mixta Real Estate PLC & CardinalStone Partners Limited Commercial Papers to its Platform

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

The Nigerian Commercial Paper (“CP”) market has remained a viable option for corporate entities looking to raise funds to meet shortfalls in their working capital, as well as other short-term expenditures. Committed to fostering the development of the Nigerian financial market by championing and supporting strategic market-driven initiatives, FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), the choice platform for the registration, listing, quotation, trading and recording of financial securities, recently approved the quotation of the Mixta Real Estate PLC ₦2.39bn Series 28 Commercial Paper under its ₦20.00bn Commercial Paper Issuance Programme and the CardinalStone Partners Limited ₦5.00bn Series 1 Commercial Paper under its ₦10.00bn Commercial Paper Issuance Programme on its platform.

The Mixta Real Estate PLC and CardinalStone Partners Limited CPs would be used to finance the issuers’ short-term funding requirements. These CPs, like all other securities listed/quoted and traded on the platform, shall be availed global visibility through the FMDQ Exchange website and trading systems; transparency through its inclusion in the FMDQ daily quotations list; governance and continuous information disclosure to protect investor interest; credible price formation amongst other benefits derived from being quoted on FMDQ Exchange.

Commenting on this debut CP issuance, CardinalStone Partners Limited representing the issuer stated: “The admission of the Issuance by CardinalStone on the Exchange will allow the Company consolidate its position as a credible borrower from institutional investors and one of the few non-bank affiliated financial services businesses that have accessed the debt capital markets. More importantly, the Issuance will form part of the Company’s strategy to diversify its financing mix and to fund its working capital requirements”.

As a world-class vertically integrated financial market infrastructure group, committed to advancing the growth of the Nigerian financial market, FMDQ Holdings PLC (“FMDQ” or “FMDQ Group”) will continue to take crucial steps, in collaboration with market stakeholders, towards promoting transparency, governance, integrity and efficiency in the Nigerian capital market. In accordance with it its strategic role as a market organiser and its evolution into a systemically important financial market infrastructure group within the Nigerian financial market ecosystem, FMDQ, as driven by innovation, collaborative relationships and future-forward technology, is positioned to bring about revolutionary changes in the Nigerian capital market through its exchange, clearing, depository and private markets subsidiaries; providing a seamless process and value-chain for the market participants to commence and end their financial market transactions.

More Articles

FMDQ Exchange Admits Chapel Hill Denham Series 9 Nigeria Infrastructure Debt Fund on its Platform

FMDQ Exchange Lists Lagos State Government ₦19.82 billion Forward Ijarah Lease Sukuk on its Platform

FMDQ Exchange Admits Lionseal Industries Limited’s ₦10.00 Billion Commercial Paper Programme 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