May 26, 2024

UAC Nigeria PLC Registers Its N45 Billion Commercial Programme On FMDQ Exchange

UAC Nigeria PLC Registers Its N45 Billion Commercial Programme On FMDQ Exchange

In another remarkable achievement that continues to shape the world of corporate debt financing, and attests to the unique and credible platform for the registration, listing, quotation and trading of debt securities provided by FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), FMDQ Exchange is pleased to welcome the registration of the UAC of Nigeria PLC ₦45.00 billion Commercial Paper (CP) Programme on its platform. The timely registration of this CP Programme follows due approval from the Exchange’s Board Listings and Markets Committee, and attests to the highly efficient time-to-market and uniquely tailored listing and quotation service offered by the Exchange.

UAC of Nigeria PLC (“UAC”) is a leading diversified Company, operating in the Food and Beverage, Real Estate, Paint and Logistics sectors of the economy. This CP registration, which is sponsored by Stanbic IBTC Capital Limited – a Registration Member (Quotations) of the Exchange, strategically positions UAC to raise short-term finance easily and quickly from the Nigerian debt capital market (DCM). By the registration of its CP Programme and quotation of subsequent CPs on FMDQ Exchange, UAC will enjoy exceptional benefits which include, but are not limited to, unrivalled and efficient platform for access to capital, value transfer and risk management, enhanced investor confidence, effective price formation and global visibility.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market 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, 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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