FMDQ admits Coronation Merchant Bank’s CPs

Lists FSDH N12bn bonds

By Nkiruka Nnorom

FMDQ Securities Exchange Limited has approved the quotation of the N36.44 billion Commercial Papers (CPs) floated by Coronation Merchant Bank Limited on its platform.

The CPs comprised of N0.71 billion series 13 and N14.13 billion series 14 Commercial Papers (CPs) in March 2021, and the N1.41 billion Series 15 and N20.19 billion Series 16 CPs in May 2021, both under its N100 billion CP programme, on its platform.

The net proceeds from the CPs, according to the bank, would support its short term funding requirements.

The Exchange also approved…