FMDQ Set to Commence Listing of Short-Term Bonds

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

FMDQ Set to Commence Listing of Short-Term Bonds. As an innovation-driven Exchange focused on powering growth, through product and market development, FMDQ OTC Securities Exchange (”FMDQ” or “the Exchange”) had, following extensive consultations with stakeholders in the Nigerian financial market space, identified the funding gap for corporates, between the money market debt instruments such as commercial papers with maximum tenors of 270 days and the traditional medium- to long-term debt instruments (e.g. bonds) which are typically issued for three (3) years and above. To this end, and in order to support an even greater inclusion and participation of corporates in the Nigerian debt capital market (DCM), FMDQ through its various engagements, and with the subsequent approval of the Securities and Exchange Commission (“SEC” or “the Commission”) is delighted to introduce Short-Term Bonds (STBs) to the Nigerian fixed income market.

STBs are essentially short-term debt instruments issued by corporate entities, for tenors of between one (1) year and not exceeding three (3) years. In addition to bridging the funding gap between short- and medium- to long-term debt instruments, STBs are designed to serve the liquidity needs of the medium to large creditworthy corporates and commercial entities by providing an alternative/competitive source of financing to bank loans. Also, STBs are beneficial to the DCM as they will serve to boost the investment product bouquet for the buy-side (which comprises amongst others, the Pension Fund Administrators), offshore investors and other market participants.

Furthermore, the Commission also approved the FMDQ Short-Term Bonds Registration Process and Listing Rules (STB Rules), which were developed in furtherance of FMDQ’s commitment to provide effective market regulation and governance for the markets under its purview. The STB Rules serve as a guide to issuers, STB sponsors and the investing public, amongst others. The Rules outline the governance structure for STB issuances as well as the procedure for the registration of prospective STB issuances. As a consequence of SEC’s approval of the STB Rules, FMDQ will serve as the Exchange through which the primary due diligence for all STB issuances, consequently ensuring an expedited time to market, shall be conducted and also provide its efficient platform for the registration and listing of all STBs. For additional information on this new product and the process for listing, kindly email

With the near-recently launched Naira-settled OTC FX Futures product in its 4th successful trading month and about $4.00bn worth of contracts traded on FMDQ, the Exchange has continued to articulate ways to improve the value-add to market participants, and in particular, corporates, who through their respective activities will in turn boost the growth of the nation. The importance of a fully functional and efficient DCM in powering the growth and development of Nigeria cannot be overemphasised. Even in the light of the present economic climate, FMDQ remains keen and unrelenting in its efforts to actively work with relevant stakeholders to deliver on its agenda of making the Nigerian financial market globally competitive, operationally excellent, liquid and diverse.

FGN Bond Quotation & T.Bills Listing Ceremony
FMDQ Launch – Event Snapshot
FMDQ OTC MD/CEO Interview with Opeyemi Agbaje
Press Interviews at FMDQ Launch

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