FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), through consistent collaboration with its stakeholders, continues to deepen and effectively position the Nigerian debt markets for growth, supporting the realisation of a globally competitive and vibrant economy. Through consistent collaboration with its stakeholders and a cost-effective, well-regulated, and technology-driven platform, the Exchange deepens the Nigerian debt markets, facilitates capital formation, enhances market liquidity, and supports long-term value creation towards building a globally competitive economy.

It is in line with this mandate that the Exchange, through its Board Listings and Markets Committee, approved the quotation of FSDH Merchant Bank Limited ₦5.70 billion Series 1 and ₦9.40 billion Series 2 Commercial Papers (CPs) under its ₦40.00 billion CP Issuance Programme on its platform in May 2025. FSDH Merchant Bank Limited (“FSDH” or the “Bank”) is a leading merchant bank in Nigeria, with a legacy spanning over three decades. As a subsidiary of FSDH Holding Company, the Bank offers a broad range of financial services—including corporate banking, treasury, wealth management, and investment banking—to select clientele across Nigeria. With its mission to partner with clients to provide innovative financial solutions and create value for shareholders, FSDH Merchant Bank continues to play a pivotal role in deepening Nigeria’s financial markets and supporting long-term economic growth. By the quotation of these CPs of the Exchange, which are sponsored by FSDH Capital Limited (Lead Sponsor), CardinalStone Partners Limited, Comercio Partners Capital Limited, FCMB Capital Markets Limited, and Rand Merchant Bank Nigeria Limited (Co-Sponsors), all Registration Member (Quotations) of the Exchange, FSDH Merchant Bank would be able to gain access to short term funds to finance its working capital requirements and operational needs.

The Exchange remains committed to advancing Nigeria’s capital markets by facilitating seamless access to funding for businesses while providing investors with a secure, transparent, and efficient investment environment. By bridging critical financial gaps across key sectors, the Exchange contributes significantly to strengthening and enhancing the global competitiveness of the financial market.

FMDQ Group PLC 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 PLC, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.