FMDQ Exchange Admits Series 12, 13 and 14 Nigerian Breweries PLC CPs on its Platform

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

Corporate institutions continue to successfully tap the Nigerian debt capital markets (DCM) to access stable short, medium and long-term finance to fund key activities in their organisations. The commercial paper (CP) market has shown resilience by providing issuers with a sustained opportunity to grow their businesses, whilst contributing to the overall growth of the Nigerian economy.

In this regard, FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) is pleased to announce the approval for the quotation of the Nigerian Breweries PLC (“the issuer”) ₦1.05 billion Series 12, ₦0.94 billion Series 13, and ₦2.67 billion Series 14 Commercial Papers (the “CPs”) under its ₦100.00 billion Commercial Paper Issuance Programme on its platform. This brings the total CPs series issued by the issuer, since the renewal of its ₦100.00 billion CP Programme in 2019, to ₦156.20 billion, with a total of ₦14.76 billion currently active.

In a statement provided by the Finance Director, Nigerian Breweries PLC, Mr. Rob Kleinjan, he said, “Nigerian Breweries PLC is delighted to announce the quotation of series 12 – 14 CP issuances under its ₦100.00 billion CP Issuance Programme. We are pleased with the continuous opportunity to access alternative source of funding to meet our short-term working capital needs.” Also, the co-sponsors to the issue and Registration Member (Quotations) on FMDQ Exchange – FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited and Stanbic IBTC Capital Limited, through the Head, Capital Markets, FBNQuest Merchant Bank Limited, Mr. Oluseun Olatidoye stated that “the co-sponsors are delighted about the quotation of Nigerian Breweries PLC series 12 – 14 CP issuance under the ₦100.00 billion programme. The funds raised will be utilised to meet the working capital needs of Nigerian Breweries PLC, and FBNQuest Merchant Bank is pleased with its role in further deepening the domestic debt markets”.

The quotation of this and other CPs on the Exchange’s platform validates its conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets. FMDQ Exchange is committed to powering the growth of the Nigerian DCM by steadfastly availing its efficient and value-adding platform for the registration, listing, quotation and trading of securities.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group providing a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement and depository services, as well as data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria, through its subsidiaries, FMDQ Exchange, FMDQ Clear Limited and FMDQ Depository Limited.

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