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Coronation Merchant Bank Lists N100b Commercial Paper Programme on FMDQ

By Dipo Olowookere

The N100 billion Commercial Paper programme of Coronation Merchant Bank Limited has been admitted on the platform of FMDQ.

This followed the approval granted by the Board Listings, Markets and Technology Committee of FMDQ for the registration of the paper.

This CP Programme registration positions Coronation Merchant Bank Limited to raise finance for a tenor up to 270 days from the debt market at a time in the future it deems suitable.

The short-term finance will be raised via CP issues within the approved CP Programme limit and quoted on FMDQ for visibility of the issue and issuer, and the desired transparency for investors.

The OTC Exchange avails a unique and credible platform for the registration, listing, quotation, trading and valuation of debt securities.

CPs quoted on FMDQ benefit from the commendable and considerably efficient CP registration process, in addition to continuous provision of invaluable information and proce formation as part of the OTC Exchange’s commitment to organise, govern and enforce transparency in the Nigerian fixed income market space.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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