FMDQ Lists FSDH Merchant Bank N18.56b Commercial Papers

By Dipo Olowookere

The N4.51 billion Series 5 & N14.05 Series 6 commercial paper (CP) notes of FSDH Merchant Bank Limited have been admitted on the platform of FMDQ.

The commercial papers listed on FMDQ for quotation are under the lender’s N30 billion CP Debt Issuance Programme of the bank.

The successive admittance of these securities, following due approval from the FMDQ Board Listings, Markets and Technology Committee, attests to the highly efficient time to market and ‘second-to-none’ Listings and Quotations service offered by FMDQ.

FMDQ said it recognises the potential of a fully-functional DCM and shall continue to innovate and provide efficient services, as may be necessary, to support issuers, investors, intermediaries and other stakeholders, towards achieving an operationally excellent and competitive DCM.