June 25, 2024

FMDQ Exchange Admits Eat & Go Finance SPV PLC Series 1 Bond On Its Platform

FMDQ Exchange Admits Eat & Go Finance SPV PLC Series 1 Bond On Its Platform

Consistently striving to empower its stakeholders by offering solutions that address pressing needs and deliver value, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) continues to provide corporate entities with efficient and proficient access to capital through its Securities Admission Service. In this regard, FMDQ Exchange, through its Board Listings and Markets Committee, has approved the listing of the Eat & Go Finance SPV PLC ₦1.15 billion Series 1 Fixed Rate Bond under its ₦35.00 billion Bond Issuance Programme on the Exchange’s platform on May 24, 2024.

Eat & Go Finance SPV PLC is a special purpose funding vehicle established by Eat ‘N’ Go Limited (“Eat ‘N’ Go” or the “Issuer”) to raise finance from the debt markets through the listing of debt securities. Eat ‘N’ Go, a master franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt brands, has over one hundred and seventy-five (175) stores across Nigeria and Kenya, presenting significant growth opportunities. The proceeds generated from the Eat & Go SPV PLC Series 1 Bond, sponsored by Chapel Hill Denham Advisory Limited – a Registration Member (Listings) of the Exchange – will be used by the Issuer to offset existing debts, fund its working capital requirements, and enhance its sales infrastructure across the country.

FMDQ Exchange is poised to drive transformative changes in the Nigerian debt markets and the broader economy, maintaining a steadfast commitment to innovation and efficiency. By offering prompt and cost-effective Securities Admission Services, FMDQ Exchange facilitates seamless access to capital and investment assets for issuers and investors respectively, within the Nigerian debt markets, bolstered by a comprehensive suite of financial solutions.

FMDQ Group PLC is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading platform, clearing & central counterparty, and settlement services for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group PLC, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

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