Corporate institutions have continued to explore alternative financing options by tapping the debt capital market to sustain their business activities and plug capital shortfalls. Following the admission of twentyone (21) Commercial Papers valued at over ₦128.25 billion thus far in 2022, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) is pleased to announce the admission of the quotation of the United Capital PLC ₦12.48 billion Series 8 Commercial Paper (CP) under its ₦50.00 billion CP Issuance Programme on its platform.

United Capital PLC (“United Capital” or “the Issuer”) is a leading financial services Group focused on leveraging technology to empower businesses, individuals, and governments with excellent financial services. The proceeds from the quotation of this Series 8 Commercial Paper, which is co-sponsored by FSDH Capital Limited, UCML Capital PLC, and NOVA Merchant Bank Limited – all Registration Member (Quotations) of FMDQ Exchange, will be used by the Issuer to finance short-term working capital requirements.

In line with its strategic objectives to support institutional growth and deliver prosperity to Nigerians, FMDQ Exchange will continue to demonstrate its commitment to delivering a globally competitive, operationally excellent, liquid, and diverse (“GOLD”) standard to the Nigerian DCM through the promotion and provision of a world-class quotation service, availing issuers and investors the much-needed global visibility, confidence and protection in the markets.

FMDQ Group 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 (Nigeria’s largest Exchange by Market Turnover – with an annual average of c. ₦166 trillion over the last eight (8) years), FMDQ Clear Limited (Nigeria’s only operating Central Counterparty – with c. $60 billion derivatives contracts cleared), FMDQ Depository Limited (Nigeria’s integrated Securities Depository) and FMDQ Private Markets Limited (Nigeria’s Private Capital Marketplace Organiser). As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.