Modupe Gbadeyanka
By Modupe Gbadeyanka
The N80 billion Commercial Paper Programme of the Rand Merchant Bank Nigeria Limited has been approved for registration on the FMDQ OTC Securities Exchange platform.
The CP programme registration strategically positions Rand Merchant Bank to easily and quickly raise short-term finance from the debt market at a time in the future it determines suitable, through CP issues, within the CP Programme limit.
FMDQ has maintained its support for the development of the Nigerian debt capital markets by steadfastly availing its efficient platform for the registration, listing, quotation and trading of debt securities.
It is believed that the registration of Rand Merchant Bank CP Programme will provide stakeholders with continuous provision of invaluable information as part of the OTC Exchange’s commitment to organise, govern and enforce transparency in the fixed income market space. Thus, serving to further boost confidence in the possibilities of the Nigerian financial market.
In line with its strategic objectives to support institutional growth and stimulate the continuous development of the economy at large, FMDQ has shown its steadfastness in realising these objectives through the promotion of product innovation and the championing of key market development initiatives, in order to ensure that opportunities abound for the markets under its purview.
