June 30, (THEWILL) – FMDQ Securities Exchange Limited has announced the admission for listing on its platform, the Eat & Go Finance SPV PLC ₦3.50 billion Series 2 Fixed Rate Bond under its ₦15.00 billion Bond Issuance Programme.
Eat & Go Finance SPV PLC is a special purpose funding vehicle established by Eat ‘N’ Go Limited (“Eat ‘N’ Go”) to raise finance from the debt capital market through the listing of debt securities. Eat ‘N’ Go is a master franchisee for the Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt brands with over a hundred (100) stores established in nine (9) states across Nigeria.
The proceeds generated from the Eat & Go SPV PLC Series 2 Bond, which is sponsored by Chapel Hill Denham Advisory Limited – a Registration Member (Listings) of the Exchange, will be used to fund reserve accounts and offset the costs of the Company’s capital expenditure, amongst others.
As part of its efforts toward unlocking the potential of the Nigerian economy, FMDQ Exchange will continue to promote market development in collaboration with its diverse stakeholders, to make the markets within its purview globally competitive.
FMDQ Securities Exchange is Nigeria’s largest Exchange by Market Turnover – with an annual average turnover of about ₦166 trillion over the last eight years.
It has expressed its commitment to fostering economic development by championing and supporting market-driven strategic initiatives.
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