FMDQ Securities Exchange Limited (FMDQ Exchange), on Thursday, announced the approval for the quotation of the Valency Agro Nigeria Limited ₦5.12bn Series 1 Commercial Paper (CP) under its ₦20bn CP Programme on its platform.

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Commenting, the Executive Director of the company, Sumit Jain, expressed gratitude to its investors who displayed their faith in Valency’s “agenda to grow the agriculture focused business with a clear aim to maximise value addition and create employment opportunities in Nigeria.”

The statement also quoted Oluseun Olatidoye, Head, Capital Markets, FBNQuest Merchant Bank Limited, as expressing delight at the successful debut, which he believes “reiterates our effort to enable underserved sectors access the debt markets, optimise their capital structure and further deepen the domestic capital markets.

“We are proud of the instrumental role FBNQuest Merchant Bank played in this transaction and appreciate the trust the management of Valency Agro placed in us to assist them. Our clients remain our priority, and we strongly believe their success is our success”.

The timely admission of this CP and in general, securities on FMDQ Exchange, the exchange added, is a testament to the efficient processes and integrated systems through which FMDQ Holdings PLC (FMDQ Group or FMDQ), through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited – has continued to create unique value for its diverse stakeholders during this peculiar time and beyond.

In keeping with its commitment to the development of the market, FMDQ Exchange promised to sustain efforts at supporting issuers with tailored financing options to enable them achieve their strategic objectives, deepen and effectively position the Nigerian DCM for growth, in support of the realisation of a globally competitive and vibrant economy.

With a vision to become “the leading African builder of ecosystems of financial infrastructure and services for markets”, and a mission to “collaborate to empower markets for economic progress towards delivering prosperity”, FMDQ Group is unwavering in its pursuit of product and market innovation and as well as stakeholder engagement, towards making the Nigerian financial markets Globally competitive, Operationally excellent, Liquid and Diverse, in line with its GOLD Agenda, the statement added.