Business

FSDH Funding SPV lists Series 1 bond on FMDQ

FMDQ Securities Exchange Limited (FMDQ) has announced the approval by the Board Listings and Markets Committee of the listing of the FSDH Funding SPV Plc N7.05 billion Tranche A and N4.95 billion Tranche B Series 1 Fixed Rate Bonds under its N30.00 billion Debt Issuance Programme on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up to raise capital from the Nigerian debt capital market for FSDH Merchant Bank Limited. Speaking on the successful issuance of the bonds, the Director, FSDH Funding SPV PLC, Mr. Adekunle Awojobi, stated: “We are pleased about the successful N12.00 billion capital-raise under the FSDH Funding SPV PLC’s N30.00 billion Debt Issuance Programme. The bond issue is the first series under the programme and comprises of two Tranches (Tranche A & B) of subordinated and senior bond notes, each with a five-year tenure.

The listing of the bonds on FMDQ’s platform will help provide visibility and enhance the liquidity of the bonds. “The net proceeds of the bond issue will be used to fund the growth of risk assets of the Sponsor, FSDH Merchant Bank Limited. A portion of the bond issuance will serve the dual purpose of shoring up the Bank’s Tier 2 capital, in line with its Internal Capital Adequacy Assessment Process.

“We would like to thank and commend Union Capital Markets Limited for facilitating the listing of the bonds on FMDQ Exchange and the issuing houses, Stanbic IBTC Capital Limited, FSDH Capital Limited, Rand Merchant Bank Nigeria Limited, and United Capital PLC for their support in ensuring the successful capital raise.” Also, theDirector, UnionCapitalMarketsLimited (theSponsor of theBond ontheExchangeand aRegistrationMemberListings of FMDQ Exchange), Mr. Egie Akpata, commented: “We are delightedatthesuccessfullistingof theN12.00billionFSDH Funding SPVPLCSeries1(TrancheA& Tranche B) bonds on FMDQ Exchange.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica