By Dipo Olowookere
FMDQ OTC Securities Exchange (FMDQ) has considered for listing of the Mixta Real Estate Plc N4.50 billion Series 1 5-Year 17.00 percent Fixed Rate Senior Guaranteed Bond (the Mixta Bond) under a N30 billion Medium Term Note Programme.
This followed the approval granted the Lagos State Government by the Board Listings, Markets and Technology Committee of FMDQ for the listing of the Lagos State N47 billion Bond on the platform.
FMDQ has continued to avail its credible platform as well as tailor its Listings and Quotations service to suit the needs of the issuers in streamlining the efficiency of its processes and delivering value to both corporate and commercial businesses desirous of accessing the debt capital market (DCM).
With the development, Mixta Real Estate Plc becomes the first real estate bond to be listed on FMDQ’s platform in 2017.
By listing on FMDQ, the Mixta Bond enjoys exceptional benefits which includes, but are not limited to, enhanced investor confidence in the Mixta Bond, transparent information disclosure, effective price formation and global visibility from the FMDQ-Bloomberg E-Bond Trading and Surveillance System, the FMDQ website and FMDQ e-Markets Portal.
A unique listing ceremony is being planned to formally welcome the Mixta Bond onto the platform in the coming weeks, in honour of the issuer, Mixta Real Estate PLC.
Mixta Real Estate Plc is a real estate developer providing advisory services and taking on special medium to large scale development projects.
