Impact of Stanbic IBTC’s listing on FMDQ OTC securities exchange

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Impact of Stanbic IBTC’s listing on FMDQ OTC securities exchange.

Stanbic IBTC’s N15.4 billion bond was listed on the FMDQ OTC securities exchange. It’s the second corporate bond to be listed on the platform, following the pioneer listing of UBA’s N30.5 billion bond. CNBC Africa spoke to Jibril Aku, Vice Chairman, Board of Directors, FMDQ OTC to discuss the impact of the new listing.

Stanbic IBTC’s 15.44 billion naira bond was listed on the FMDQ OTC securities exchange. It’s the second corporate bond to be listed on the platform, following the pioneer listing of UBA’s N30.5 billion bond. Bola Onadele Koko, MD/CEO, FMDQ OTC joins CNBC Africa for more.

FMDQ OTC welcomed the listing of the Stanbic IBTC’s 15.4 billion naira Series 1, 10-Year Subordinated notes, under a N150 billion structured Programme which is due in 2024. CNBC Africa’s Didi Akinyelure spoke to Yinka Sanni CEO for more insight on this listing.

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