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FMDQ Exchange lists TrustBanc Holdings maiden CP on its platform

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FMDQ admits 78 debt securities worth N1.03trn in 2018

FMDQ Securities Exchange Ltd has approved the quotation of TrustBanc Holdings Ltd., N0.20 billion series 1 Commercial Paper (CP), under its N10 billion CP issuance programme.

The company said this in a statement made available to our reporter on Friday in Lagos.

TrustBanc Holdings is a registered brand investment management firm that offers an array of financial services such as banking, brokerage, foreign exchange trading, and wealth management, through its subsidiaries.

It noted that the CP was approved by the FMDQ’s board Listings and Markets Committee after due diligence process.

The statement explained that the maiden quotation followed the successful registration of the CP programme in April 2021.

According to the statement, the proceeds from the quotation of the CP will be used to fund the issuer’s short-term financing requirement.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure group, strategically positioned to provide registration, listing & quotation services and seamless trading, amongst others.

Itohan Abara-laserian

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective.A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour.The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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