Fidson Healthcare PLC Quotes First Series from its CP Programme on FMDQ Exchange

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Corporate institutions have continued to explore alternative financing options by tapping the debt capital
market (“DCM”) to raise capital to sustain their business activities. FMDQ Securities Exchange Limited
(“FMDQ Exchange” or “the Exchange”), the choice platform for the registration, listing, quotation and
trading of securities in Nigeria, has through its Board Listings and Markets Committee, approved the
quotation of the Fidson Healthcare PLC ₦4.50 billion Series 1 Commercial Paper (“CP”) under its ₦10.00
billion Commercial Paper Issuance Programme on its platform.
Fidson Healthcare PLC (“Fidson Healthcare” or “the Issuer”) is a leading pharmaceutical manufacturing
company that is engaged in manufacturing and sale of pharmaceutical and healthcare products in Nigeria.
With over thirty-five (35) registered pharmaceutical products, across different therapeutic areas, in the
pharmaceutical industry, the proceeds from this issuance will be used by Fidson Healthcare to finance its
short-term working capital requirements.
Speaking on the successful issuance of the Fidson Healthcare Series 1 CP, the Chief Financial Officer,
Fidson Healthcare, Mr. Imokha Ayebae, stated “the debut CP Issuance will allow Fidson Healthcare
broaden its sources of funding and lower our overall cost of borrowing. It will also strengthen our
commitment to the vision of building sustainable brands that will foster our expansion and growth plans
in the pharmaceutical industry across West Africa. We acknowledge the support of the investor
community in ensuring the success of the CP issuance. We will continue to assure their confidence in us
as we deliver on our objectives of innovation and development within the Nigerian healthcare space”.
The Head, Investment Banking, FSDH Capital Limited – sponsor of the CP on the Exchange and Registration
Member (Quotation) of FMDQ Exchange – Mr. Taiwo Olatunji, also commented saying “we are pleased
that FSDH Capital Limited was hand-picked by Fidson Healthcare to act as Sponsor and Lead Arranger on
the company’s debut CP issuance. We believe that the CP Issuance has provided the company with access
to a wider pool of well-informed investors, increased liquidity and increased visibility within the Nigerian
FMDQ Exchange will continue to lead the revolution in the development of the Nigerian DCM by providing
credible market structures to corporate and commercial businesses with the opportunities to meet their
short-term funding requirements, whilst building their profiles in the Nigerian DCM space. FMDQ
Exchange remains positive about the possibilities of the Nigerian DCM and will continue to implement,
with the support of its stakeholders, initiatives to improve and make the Nigerian DCM Globally
competitive, Operationally excellent, Liquid and Diverse, in line with its GOLD Agenda.
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.

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