FMDQ Exchange Approves DLM Capital’s ₦20bn CP Programme

FMDQ Securities Exchange Limited, on Tuesday, said it has approved the Registration of ₦20bn Commercial Paper Programme, in favour of DLM Capital Group Limited, a leading Development Investment bank on its platform.

Speaking on the programme registration, the Group Chief Executive Officer/Managing Director, DLM Capital Group Limited, Sonnie Ayere, said the “Funding Programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small & medium sized corporates across the country in addition to supporting our growing retail and consumer finance business”.

Also, the sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange, FBNQuest Merchant Bank Limited represented by the Head, Investment Banking, Patrick Mgbenwelu, said “FBNQuest Merchant Bank Limited is pleased about its role as Lead Arranger on the quotation of DLM Capital Group Limited’s ₦20.00 billion CP Programme and its plans on the subsequent issues under the Programme. FBNQ Merchant Bank’s role reinforces our commitment to support medium and large companies in accessing the capital market for raising short-, medium- and long-term funding for their working capital requirements and capital expansion”.

As part of efforts towards unlocking the potential of the Nigerian economy, the statement explained that FMDQ Exchange, a wholly owned subsidiary of FMDQ Group, shall continue to support institutional growth and stimulate continuous development of the economy at large, through the promotion and provision of a world-class listings and quotations service, in line with its mandate.

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