FMDQ exchange welcomes FCMB series 1 CP

Following due diligence process, FMDQ Securities Exchange Limited has approved the quotation of First City Monument Bank’s N30 billion Series 1 Commercial Paper (CP) under its N100billion CP Issuance Programme on its platform.

FCMB is a full-service banking institution and a member of FCMB Group PLC, that provides a wide range of personal banking, business banking and corporate banking services with market-proven solutions that drive digital transformation in the banking industry.

The proceeds from the CP, which is sponsored by FCMB Capital Markets Limited – a Registration Member (Quotations) of FMDQ Exchange, will be used by to support its short-term financing requirements.

As part of its commitment to organise and facilitate credibility and transparency in the Nigerian debt capital market (DCM) space, FMDQ Exchange shall continue to drive initiatives that are targeted at improving liquidity of securities listed and quoted on its platform, thereby supporting the aspirations of businesses.