As the largest fixed income Exchange in Nigeria, FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”) continues to avail its credible platform, as well as tailor its Registration, Listings and Quotations services to suit the needs of institutions seeking to raise capital from the Nigerian debt capital market (DCM). In keeping with this mandate, FMDQ Exchange, through its Board Listings and Markets Committee, has approved the Registration of the International Breweries PLC ₦65.00 billion Commercial Paper (CP) Issuance Programme on its platform in anticipation of raising short-term finance from the Nigerian DCM.
International Breweries PLC (“the Issuer”) is a Nigeria-based brewery that manufactures, packages and markets beer and other non-alcoholic beverages, with four (4) production facilities across Nigeria. The short-term finance will be raised via CP issues within the approved CP Programme limit and quoted on FMDQ Exchange for visibility of the issue and desired transparency for investors. CPs quoted on FMDQ Exchange benefit from the commendable and efficient CP quotation process, in addition to continuous provision of invaluable information and price formation as part of the Exchange’s commitment to organise, govern and enforce transparency in the Nigerian fixed income market space.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services, seamless trading, clearing, settlement, risk management, and depository of financial market transactions, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, for the Nigerian financial market, towards making it Globally competitive, Operationally excellent, Liquid and Diverse, in line with its GOLD Agenda.