FMDQ Exchange Admits Mixta Real Estate N0.96Bn Series 35 CP
FMDQ Exchange has announced that the group has admitted Mixta Real Estate N0.96 Billion Series 35 Commercial Paper on its platform. The group said this in a statement made available to MarketForces Africa.
According to the group, it said FMDQ Securities Exchange Limited continues to fulfill its mandate to further deepen and effectively position the Nigerian Debt Capital Market for growth, in support of the realisation of a globally competitive and vibrant economy.
“In this vein, FMDQ Exchange through its Board Listings and Markets Committee has approved the Quotation of the ₦0.96 billion Series 35 Mixta Real Estate PLC Commercial Paper under its ₦20.00 billion CP Issuance Programme on its platform.
“The proceeds from this CP quotation will be used to finance Mixta Real Estate PLC’s short-term funding requirements”, it added.
The statement reads that Mixta Real Estate Plc, a subsidiary of Mixta Africa, is a leading real estate development company in Nigeria, with a strong track record and diverse real estate portfolio, and operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry.
The real estate company has successfully developed well over 5,000 properties spanning across affordable homes, luxury residences, and commercial projects, and continues to seek innovative solutions to activate development finance for affordable housing in Nigeria.
FMDQ hinted that the quotation of the Mixta Real Estate PLC ₦0.96 billion Series 35 CP, which was sponsored on the Exchange by FBNQuest Merchant Bank Limited, a Registration Member of FMDQ Exchange, is further testament to FMDQ’s leadership and resilience in providing the required support to businesses, corporate and government entities through the delivery of innovative and value-adding capital market solutions.
“As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a world-class Quotations Service, in line with its mandate”, it said.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services, seamless trading, clearing, settlement, risk management, and depository of financial market transactions.
As well, the group engages in data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited and FMDQ Depository Limited.
FMDQ Exchange Admits Mixta Real Estate N0.96Bn Series 35 CP
