FMDQ Exchange admits Parthian Partners’ N20bn commercial paper

FMDQ Exchange admits Parthian Partners’ N20bn commercial paper

FMDQ Exchange admits Parthian Partners’ N20bn commercial paper     FMDQ Securities Exchange has registered the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to its platform as part of its efforts to assist corporates access funds from the debt capital market (DCM). The DCM has continued to witness significant activity among corporates seeking a viable avenue to raise capital to meet their financing needs. According to the FMDQ, the registration of the CP programme strategically positions Parthian Partners Limited to raise short-term finance from the DCM with speed…

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FMDQ process N215trn deals in 2020

Parthian Partners Limited

FMDQ process N215trn deals in 2020   The estimated total turnover Fixed Income and Currencies (FIC) markets for the full year 2020 stood at N215.08 trillion, indicating a YoY decrease of 7.57 per cent (N17.61trillion) on the turnover of N232.69 trillion recorded in FY 2019 Similarly, turnover in the markets for the month ended December 31, 2020 was N19.89 trillion, representing a month on month (MoM) and year on year (YoY) increase of 35.31 per cent (N5.19 trillion) and 20.91 per cent (N3.44 trillion) respectively. Foreign exchange (FX) and money…

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FMDQ admits N37bn worth fresh commercial papers

FMDQ admits N37bn worth fresh commercial papers

FMDQ admits N37bn worth fresh commercial papers   FMDQ Securities Exchange Limited has admitted for listing the quotation four new commercial papers of three companies with an aggregate value of N37 billion. The exchange admitted the Total Nigeria Plc N2.25 billion Series 1 and N12.75 billion Series 2 Commercial Papers under its N30 billion CP Issuance Programme. Also admitted is the Mixta Real Estate Plc N2 billion Series 32 Commercial Paper under its N20 billion CP Issuance Programme, as well as the registration of the Valency Agro Nigeria Limited N20 billion Commercial…

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FMDQ gets SEC’s approval as Nigeria’s premier Central Counterparty

The Nigerian financial markets recorded a novel and game-changing milestone following the successful registration of FMDQ Clear Limited (FMDQ Clear) by the Securities and Exchange Commission (SEC) on September 29, 2020 to become Nigeria’s premier Central Counterparty (CCP). As a critical and much needed Financial Market Infrastructure (FMI), this laudable achievement re-defines the landscape for financial transactions as we know it and introduces endless possibilities to the scope of permissible products that can be developed and deployed within the ecosystem towards delivering long-lasting prosperity to the Nigerian economy. The FMDQ…

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FMDQ Post N18.72tn Turnover In July

Parthian Partners Limited

Turnover in the Fixed Income and Currency (FIC) markets for the month ended July 30, 2020 was N18.72 trillion, indicating a month-on-month (MoM) increase of 13.66 per cent (N2.25 trillion) from the turnover recorded in June 2020 (16.47 trillion). This represents a year-onyear (YoY) decrease of 14.43 per cent (N2.36 trillion) from the turnover recorded in July 2019 (N16.36 trillion). As at July 29, 2020, YTD turnover was N136.00 trillion, representing a YoY increase of 0.30 per cent (N0.41 trillion) on the YTD turnover of N135.58 trillion recorded in July…

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FMDQ admits N100bn MTN, N100bn Dangote Bonds on its platform

MTN, Dangote, Bola Onadele.Koko, FMDQ

Despite the amidst economic downturn and realities of the COVID-19 pandemic, Dangote Cement PLC and MTN Nigeria Communications PLC have successfully tapped the debt market, raising the largest corporate bond and commercial papers, respectively, so far recorded in the Nigerian debt capital market. FMDQ Holdings Plc, wholly owned subsidiary, FMDQ Securities Exchange Limited admitted for listing, the Dangote Cement Plc N100 billion Series 1 Bond under its N300.00 billion Bond Programme, and for quotation, the MTN Nigeria Communications Plc N100.00 billion Series 1 & 2 Commercial Paper (CP) notes  under…

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FMDQ lists N23bn debt securities to deepen financial market

Parthian Partners Limited

FMDQ Securities Exchange Limited has listed N23 billion debt securities on its platform as part of efforts to empower the Nigerian financial market, provide a choice platform for the registrations, listings, quotations, and trading of debt securities. Also, the listing is in line with the securities exchange to further deepen the Nigerian financial system and provide more investment instruments for investors. The company explained that the current business climate, which has been marred by the impact of the coronavirus pandemic, has seen most corporates and business entities look to the…

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