FMDQ Exchange Supports Infrastructure Development with the Listing of the FGN Roads Ijarah Sukuk on its Platform

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In fulfilment of its role as a catalyst for infrastructure capital, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) continues to use its reputable platform to raise capital for infrastructure development, enhancing quality of life and business activities in the country. The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), Nigeria has again demonstrated its unrelenting commitment to the development of Nigeria’s infrastructure sectors via the Nigerian debt markets, by listing the FGN Roads Sukuk 1 PLC ₦130.00 billion Ijarah Sukuk on FMDQ Exchange’s platform.

FGN Roads Sukuk Company 1 PLC (the “Issuer”) is a special purpose vehicle established by the Federal Government of Nigeria to raise funds for the construction and rehabilitation of Federal Roads in Nigeria. This Sukuk issuance – sponsored by Stanbic IBTC Capital, Greenwich Merchant Bank Limited, and Vetiva Capital Management Limited – all Registration member (Listings) of the Exchange, will allow the issuer to finance the construction and rehabilitation of several roads across the country. The listing of the ₦130.00 billion Sovereign Sukuk will provide an avenue for Sukuk holders to trade the Sukuk and obtain liquidity for their investments.

In recognition of the crucial role infrastructure plays in enabling sustainable development in the economy, FMDQ Exchange will continue to demonstrate its commitment to projecting the debt markets as the key source to finance for infrastructure growth. The Exchange will continue to promote credibility for securities admitted on its platform, through its highly efficient Securities Admission Service, instituting requisite world-class standards to drive transparency, governance, market oversight and liquidity to power growth in the Nigerian financial markets.

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.

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