Sycamore Integrated Solutions lists N6.89bn Commercial Papers on FMDQ Exchange

In furtherance of its commitment to deepening Nigeria’s capital markets and broadening access to cost-effective short-term funding, FMDQ Securities Exchange Limited has approved the quotation of Sycamore Integrated Solutions Limited’s N1.82 billion Series 1 Tranche A and N5.07 billion Series 1 Tranche B Commercial Papers under its N20 billion CP Programme. 

This approval by the Exchange’s Board Listings and Markets Committee further reflects FMDQ Exchange’s commitment to fostering an efficient, transparent, and resilient debt capital market that connects issuers with capital and supports sustainable economic growth.

Sycamore Integrated Solutions is a technology-driven financial services company dedicated to delivering innovative, accessible, and transparent credit and digital financial solutions to individuals and businesses across Nigeria. By leveraging its proprietary technology infrastructure, Sycamore provides a suite of credit products that support financial inclusion and economic activity. The net proceeds from these CP issuances, sponsored by BAS Capital Limited, a Registration Member (Quotations) of FMDQ Exchange, will be deployed to strengthen the Issuer’s working capital base, support the growth of its lending portfolio, and enhance its capacity to deliver its financial service offerings to emerging market segments.

Commenting on the CP quotation, Group Chief Operating Officer, FMDQ Group, Ms. Tumi Sekoni stated: “The quotation of Sycamore Integrated Solutions Limited’s Series 1 Tranche A and B Commercial Papers on FMDQ Exchange reflects the confidence of Nigeria’s corporate sector in the depth and integrity of our platform. 

“At FMDQ Exchange, we remain committed to enabling businesses of all sizes to access the capital markets efficiently and transparently, and Sycamore’s presence on our platform is a testament to the growing vibrancy of Nigeria’s short-term capital markets. 

“We are pleased to support Sycamore as it advances its growth ambitions and expands access to financial solutions that contribute to economic development and financial inclusion.”