As part of its unwavering dedication to deepening Nigeria’s debt markets, fortifying economic growth and promoting prosperity for Nigerians, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), has approved the listing of the Presco PLC ₦82.90 billion Series 1 Fixed Rate Bond under its ₦150.00 billion Bond Issuance Programme. This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a reliable platform for facilitating capital access through well-structured debt instruments.

Presco PLC (“Presco” or the “Issuer”), is a fully integrated agro-industrial establishment that specialises in the cultivation of oil palm plantations and milling and crushing palm kernels to produce a range of refined vegetable oil. It also has an olein and stearin packaging and biogas plants to treat its palm oil mill effluent. The net proceeds from this bond issuance, which is jointly sponsored by Stanbic IBTC Capital Limited (Lead Sponsor), alongside Afrinvest Capital Limited, CardinalStone Partners Limited, Coronation Merchant Bank Limited, FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited, Greenwich Merchant Bank Limited, and Rand Merchant Bank Limited (Co-Sponsors) – all Registration Members (Listings) of FMDQ Exchange – will be deployed towards supporting the Issuer’s strategic objectives and operational needs.

FMDQ Exchange remains resolute in transforming Nigeria’s capital market landscape by providing issuers with an efficient, rule-based environment that meets global standards. By promoting innovation, credibility, and ease of access, the Exchange continues to support meaningful capital mobilisation for projects that contribute to national productivity and inclusive economic advancement.

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 platform, clearing & central counterparty, and settlement services for financial markets 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.