Jilnas Nigeria Quote CPs on FMDQ Exchange
The FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of the Jilnas Nigeria Limited N2.87 billion Series 1 (Tranche A) and N0.23 billion Series 1 (Tranche B) Commercial Papers (CPs) under its N5 billion CP Issuance Programme on its platform.
The successful admittance of these CPs continues to validate FMDQ Exchange as the preferred platform for the registration, listing and quotation of debt securities in the Nigerian financial markets, and lays credence to the innovation, efficiency, and operational excellence for which the Exchange is highly reputed for.
Jilnas Nigeria Limited is an indigenous company engaged in the production of edible vegetable oil through extraction, refining, bleaching and deodorising/de-acidification.
The Jilnas Nigeria CPs, which are sponsored by Boston Advisory Limited (Lead Sponsor) and United Capital PLC, both Registration Member (Quotations) of FMDQ Exchange, will be used by the Issuer for its general corporate purposes and short-term funding requirements.
As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the Nigerian economy at large, FMDQ Exchange will continue to promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors.
