FMDQ OTC Securities Exchange says it has approved the listing of N16.29bn Wema Funding SPV Bond on its platform.
The company said in a statement on Tuesday in Lagos that the N16.29bn SPV represents series one seven-year 18.50 per cent fixed rate unsecured bond.
It said that the bond was coming shortly on the heels of the listings of the Sterling Investment Management SPV Plc Bond and the Greenwich Plus Money Market Fund.
According to it, FMDQ provides a highly recommended and efficient platform for the registration, listing, quotation and valuation of debt securities.
It said that listing of the Wema SPV Bond was another testament and validation of the efficiency and value-add provided by the FMDQ listings and quotations service.
“The Wema SPV Bond, having taken its rightful place on the FMDQ Bond Listings Wall of Fame, has joined a host of other securities to make history on FMDQ’s unique platform,” the company said.
It said that it was increasingly matching the efficiency of its processes being conscious of its crucial role in the Nigerian debt capital market.
“From improved market credibility, continuous information disclosure, to enhanced secondary market liquidity, and effective price formation, FMDQ continues to lay the foundation for sustainable and efficient financing in the Nigerian DCM,’’ the company said.
It said that the exchange would continue to fulfil its mandate of revolutionising the Nigerian financial markets through its product and market development initiatives.
The company said it would successfully position its operations, through streamlined and timely processes aimed at deepening the DCM.
It further said that it would soon commence the listing of short-term bonds and the quotation of private companies’ bonds.
Source:© Copyright Punch Online
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