FMDQ has approved the quotation of the UACN Property Development Company PLC (“UPDC” or “the issuer”) ₦24.00bn Commercial Paper Issuance Programme on its platform. Of the ₦24.00bn programme, a total of ₦0.17bn in the eight series have currently been issued and sold down to investors.

Issuer Rating Report

Issue Date	Rating Agency	Rating	Expiry Date
Nov. 2016	Agusto	A-	Jun. 2017