United Capital quotes N12.48bn series 8 CP on FMDQ Exchange
Corporate institutions have continued to explore alternative financing options by tapping the debt capital market to sustain their business activities and plug capital shortfalls.
Following the admission of 21 Commercial Papers valued at over N128.25 billion thus far in 2022, FMDQ Securities Exchange Limited (FMDQ Exchange) on Monday announced the admission of the quotation of the United Capital Plc’s N12.48 billion Series 8 Commercial Paper (CP) under its N50 billion CP Issuance Programme on its platform.
United Capital is a leading financial services group with focus on leveraging technology to empower businesses, individuals, and governments with excellent financial services.
Proceeds from the quotation of the CP, which is co-sponsored by FSDH Capital Limited, UCML Capital Plc and NOVA Merchant Bank Limited – all registered member (Quotations) of FMDQ Exchange, will be used by the Issuer to finance short-term working capital requirements.
In line with its strategic objectives to support institutional growth and deliver prosperity to Nigerians, FMDQ Exchange will continue to demonstrate its commitment towards delivering a globally competitive, operationally excellent, liquid and diverse (“GOLD”) standard to the Nigerian DCM through the promotion and provision of a world-class quotation service, availing issuers and investors the much-needed global visibility, confidence and protection in the markets.
