TrustBanc Quotes Series 1 Commercial Paper on FMDQ Exchange
TrustBanc Holdings Limited, a registered brand investment management firm that offers an array of financial services has quoted its maiden N200 million commercial paper series on FMDQ exchange today.
The company operates financial services such as banking, brokerage, forex trading, and wealth management, through its subsidiaries – TrustBanc Asset Management Limited, TrustBanc Capital Limited, TrustBanc Microfinance Bank, TrustBanc Artur Limited and Primelink Bureau De Change.
In a statement by FMDQ, it said the proceeds from the quotation of this CP will be used to fund the Issuer’s short-term financing requirement.
The platform explained that the Nigerian Commercial Paper market continues to provide corporate entities across the various sectors of the economy, an avenue to raise funds to meet shortfalls in their working capital, as well as other short-term expenditures.
Following due diligence process, FMDQ Securities Exchange Limited through its Board Listings and Markets Committee, said it has approved the quotation of the TrustBanc Holdings Limited ₦0.20 billion Series 1 CP under its ₦10.00 billion CP Issuance Programme on its platform.
The quotation of the maiden CP series, following the successful registration of the CP Programme in April 2021, is further validation of FMDQ Exchange as the choice platform for the registration, listing, quotation, trading and recording of financial securities in the Nigerian financial market.
The statement reads that the TrustBanc Holdings CP, which was sponsored on the Exchange by UCML Capital Limited, a Registration Member of FMDQ Exchange, like all other securities, shall be made visible to investors and other market participants through the FMDQ Exchange’s website and systems, as well as FMDQ’s Daily Quotations List.
Investors shall also benefit from the continuous information disclosure and transparency availed to this CP.
FMDQ Exchange said it is committed to remaining innovative and providing timely and cost-efficient services to support its stakeholders, particularly issuers and investors, towards accessing capital, managing risks and invariably, improving their corporate profile.
TrustBanc Quotes Series 1 Commercial Paper on FMDQ Exchange
