September 05, (THEWILL) – FMDQ Securities Exchange Limited has announced the approval of the quotation of the Mixta Real Estate PLC ₦2.07 billion Series 42, ₦0.99 billion Series 43, and ₦4.66 billion Series 44 CPs under its ₦20.00 billion CP Issuance Programme on its platform.
Mixta Real Estate Plc, a subsidiary of Mixta Africa, specialises in the development of urban infrastructure and affordable housing. It was established with the objective of responding to the existing housing deficit across the African continent.
According to FMDQ Exchange, the Mixta Real Estate CPs, which are sponsored on the Exchange by FBNQuest Merchant Bank – a Registration Member (Quotation), would be used to finance the issuer’s short-term funding requirements.
It said the issuer will also benefit from FMDQ Exchange’s diversified investor base, its highly responsive and efficient listing and quotation processes, and credible benchmark pricing required for appropriate portfolio valuation, amongst others.
“FMDQ Exchange will continue to remain innovative even as it continues to provide timely and cost-efficient listing and quotation services to support its stakeholders, particularly issuers and investors, towards accessing capital in the Nigerian financial market, amongst other service offerings,” the debt capital market platform said.
About the Author
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
