FMDQ Securities Exchange Limited has approved the quotation of the N960 million Series 35 Mixta Real Estate Plc Commercial Paper (CP) under its N20 billion CP Issuance Programme on its platform.
The proceeds from this CP quotation will be used to finance Mixta Real Estate Plc’s short-term funding requirements.
Mixta Real Estate Plc, a subsidiary of Mixta Africa, is a real estate development company in Nigeria, with a strong track record and diverse real estate portfolio, and operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry.
It has successfully developed well over 5,000 properties spanning across affordable homes, luxury residences, and commercial projects, and continues to seek innovative solutions to activate development finance for affordable housing in Nigeria.
According to FMDQ, the quotation of the Mixta Real Estate Plc’s CP was a further testament to the exchange’s leadership and resilience in providing the required support to businesses, corporates and government entities through the delivery of innovative and value-adding capital market solutions.
“As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a world-class quotations service, in line with its mandate,” the exchange said.