FMDQ approves DLM Capital Group’s N20bn commercial paper

FMDQ Securities Exchange Ltd has approved the registration of the DLM Capital Group’s N20 billion Commercial Paper (CP) programme on its platform.

This is contained in a statement by FMDQ Exchange made available to our reporter on Tuesday in Lagos.

The statement said the approval followed the due diligence of FMDQ Exchange’s Board Listings and Markets Committee.

Speaking on the registration, the Group Chief Executive Officer/Managing Director, DLM Capital Group, Mr Sonnie Ayere, said the company was pleased to announce the quotation.

DLM Capital Group is pleased to announce the quotation of its N20 billion CP Issuance Programme on FMDQ Exchange.

“The funding programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small and medium sized corporates across the country,” Ayere said.

It was reported that the sponsor of the CP programme and the registration member was the FBNQuest Merchant Bank Ltd.

DLM Capital Group is a leading development investment bank that provides innovative solutions to economic and social development problems.

The investment bank comprises of subsidiaries in corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private & non-private corporations.