FMDQ Exchange Admits Union Bank of Nigeria’s ₦100bn CP Programme On Platform

The FMDQ Securities Exchange Limited says it has approved the registration of Union Bank of Nigeria Plc’s ₦100bn Commercial Paper Programme, on its platform, bringing the total number of securities so admitted to 110, with a total market value of ₦3.36tr.

The registration by Union Bank of Nigeria, FMDQ said in a statement, tactically positions it to raise short-term finance from the Nigerian debt markets easily and quickly at a time it determines suitable, through CP issues, within the CP Programme limit.

The registration, the statement noted, is sponsored by UCML Capital Limited (Lead Sponsor), Standard Chartered Capital & Advisory Nigeria Limited and Renaissance Securities (Nigeria) Limited – all Registration Member (Quotations) of FMDQ Exchange.