In what it says reinforces its role as a trusted platform for short-term capital market financing, FMDQ Securities Exchange Limited, on Tuesday said it has approved the quotation of the ₦4.29 billion Series 1, ₦3.33 billion Series 2 and ₦37.50 billion Series 3 Commercial Papers of CapitalSage Technology Limited under its ₦75.00 billion CP Programme.
The programme, FMDQ said in the statement, provides CapitalSage, a technology company focused on delivering solutions that support the evolving needs of businesses and consumers within Nigeria’s digital economy, with access to the nation’s debt capital market to support its funding requirements and strategic business objectives.
The net proceeds from the CP issuances will be deployed to support the Issuer’s funding requirements and strategic initiatives, further strengthening its capacity to deliver technology-driven solutions and contribute to the continued growth of Nigeria’s digital economy.
Commenting on the quotation, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group Plc, said: “The successful quotation of CapitalSage Technology Limited’s Commercial Papers on FMDQ Exchange demonstrates the continued relevance of the Nigerian debt capital market as a channel for businesses to access short-term funding.”
FMDQ Exchange restated its commitment to providing a transparent, efficient and credible platform that enables businesses to access capital, strengthen their operations and contribute meaningfully to the growth and development of Nigeria’s economy.”
Through its comprehensive suite of services, FMDQ Exchange says it continues to support market participants with efficient and transparent access to the financial markets, facilitating capital formation, and enabling businesses to optimise funding opportunities and advance their strategic objectives. The Exchange assured that it remains committed to facilitating financial market efficiency and creating opportunities for market participants to achieve their strategic and long-term financial objectives.
The programme was sponsored by United Capital PLC (Lead Sponsor), AIICO Capital Limited, Anchoria Advisory Services Limited, CFG Maynard Limited, Comercio Partners Capital Limited, Cordros Advisory Services Limited, Coronation Merchant Bank Limited, FCMB Capital Markets Limited, Investment One Financial Services Limited, Quantum Zenith Capital & Investments Limited, and Regius Capital Limited (Co-Sponsors), all Registration Members (Quotations) of the Exchange.
