FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), through its Board Listings and
Markets Committee has approved the quotation of the Coronation Merchant Bank Limited ₦11.36
billion Series 18 Commercial Papers (CP) under its ₦100.00 billion CP Issuance Programme on its
platform. Coronation Merchant Bank Limited (“Coronation MB” or “the Issuer”) in 2018, joined the league
of other companies whose debt profiles have been raised via the value-packed quotations service offered
by FMDQ Exchange. The continuous admission of securities to FMDQ Exchange’s platform is reflective of
the potential of the Nigerian debt capital market and the commendable level of confidence demonstrated
by both issuers and investors in the market.
Coronation MB is Africa’s premier investment bank that provides innovative solutions to the needs of
corporations, governments and other financial services organisations. The Coronation MB CP, which was
co-sponsored on the Exchange by Coronation Merchant Bank Limited and Chapel Hill Denham Advisory
Limited, Registration Member (Quotations) of FMDQ Exchange, like other securities, will be availed all the
benefits of FMDQ Exchange’s prestigious quotations service, including global visibility through its website
and systems, governance, credible price formation and continuous information disclosure, to protect
investor interest, amongst others. The proceeds from the quotation of this CP will be used to finance the
Issuer’s working capital requirements.
As the market participants and a host of other stakeholders continue to meet their funding needs
effectively and invariably contribute to the development of the nation’s capital markets through FMDQ
Exchange’s platform, the Exchange remains committed to taking crucial steps, in close collaboration with
market stakeholders, to deliver on its agenda of making the Nigerian financial markets globally
competitive, operationally excellent, liquid and diverse.
FMDQ Group, Africa’s first vertically integrated financial market infrastructure (FMI) group – with its
wholly owned Exchange, Central Counterparty and Depository – is a one-stop platform for the seamless
and cost-efficient execution, risk management, clearing, settlement and depository services, as well as
data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria.