Sponsored.
Committed to developing the Nigerian debt markets by providing a reliable and credible platform to support capital formation, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), Nigeria’s largest securities exchange by market turnover, through its Board Listings and Markets Committee, has approved thequotation of the Jilnas Nigeria Limited ₦2.87 billion Series 1 (Tranche A) and ₦0.23 billion Series 1 (Tranche B) Commercial Papers (“CPs”) under its ₦5.00 billion CP Issuance Programme on its platform.
The successful admittance of these CPs continues to validate FMDQ Exchange as the preferred platform for the registration, listing and quotation of debt securities in the Nigerian financial markets, and lays credence to the innovation, efficiency, and operational excellence for which the Exchange is highly reputed for.
Jilnas Nigeria Limited (the “Issuer”) is an indigenous company engaged in the production of edible vegetable oil through extraction, refining, bleaching and deodorising/de-acidification. The Jilnas Nigeria CPs, which are sponsored by Boston Advisory Limited (Lead Sponsor) and United Capital PLC, both Registration Member (Quotations) of FMDQ Exchange, will be used by the Issuer for its general corporate purposes and short-term funding requirements.
As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the Nigerian economy at large, FMDQ Exchange will continue to promote an efficient, transparent, and well-regulated market, which will attract and retain both domestic and foreign investors.
