FMDQ Securities Exchange Limited has approved the registration of the FBNQuest Merchant Bank Limited ₦100bn Commercial Paper (CP) Programme, which strategically positions the issuer to raise short-term finance from the Nigerian debt capital market (DCM) transparently on its platform.

A statement by FMDQ described FBNQuest Merchant Bank as a leading corporate and investment banking house, delivering high-end financial products and services to clients in targeted sectors of the economy.

The registration of this CP programme, which is also sponsored by FBNQuest Merchant Bank Limited – a Registration Member (Quotations) of FMDQ Exchange, it said, “validates the Exchange’s conscious drive to support the capital market needs of corporates and governments and to further deepen the Nigerian financial markets, and ultimately, the nation’s economy.

In keeping with its commitment to developing the Debt Capital Market, FMDQ Exchange promised to sustain its efforts in supporting issuers with tailored financing options to enable them achieve their strategic objectives, deepen and effectively position the Nigerian DCM for growth.