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July 18, 2024

FMDQ don register Julius Berger N30bn CP

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FMDQ Securities Exchange Limited don approve the registration of Julius Berger Nigeria Plc’s N30 billion Commercial Paper (CP) programme for the Exchange.

This thing wey dem do, according to FMDQ, show the position as the platform wey dem like for debt securities and dem go support the Exchange commitment to take improve access to capital for infrastructure development for Nigeria.

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The CP programme, wey Stanbic IBTC Capital Limited (lead sponsor) and FCMB Capital Markets Limited sponsor, go help the issuer with opportunity to raise short-term finance from the Nigerian debt markets through CP issuances within the programme limit.

Mr. Funso Akere, Chief Executive, Stanbic IBTC Capital Limited, yarn say, “Stanbic IBTC Capital Limited dey happy as dem advise Julius Berger on the establishment of the inaugural N30 billion CP issuance programme, wey go allow am access some short-term funding from institutional investors”.

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