FMDQ Exchange Lists N300bn Dangote Industries Funding Plc Senior Unsecured Bonds

FMDQ Securities Exchange Limited (FMDQ Exchange) announced yesterday that it has approved the listing of Dangote Industries Funding Plc’s N187.58 billion Series 1 (Tranche A & B) and N112.42 billion Series 2 Senior Unsecured Bonds under its N300 billion Debt Issuance Programme on its platform.

The Series 1 and 2 bonds were listed on FMDQ Exchange in November 2022 and March 2023, respectively.

To commemorate the occasion, FMDQ Exchange held a listing ceremony at its offices. Managing Director, Ms. Tumi Sekoni, represented by Ms. Jumoke Olaniyan, Senior Vice President, Business Development Division, FMDQ Exchange, congratulated the issuer and sponsors on achieving this milestone, noting that their decision to raise funds from the debt markets via the Exchange’s platform was a testament to the highly efficient time-to-market and unrivalled listing and quotation service offered by FMDQ Exchange.

In a special address, Mr. Olakunle Alake thanked the investor community, Securities and Exchange Commission, FMDQ Exchange, and their team of professional advisers led by Standard Chartered Capital and Advisory Nigeria Limited and Stanbic IBTC Capital Limited for ensuring successful outings on both their debut and subsequent bond issuances.

Delivering the sponsor’s remarks, Mrs. Yemisi Deji-Bejide, CEO of Standard Chartered Capital and Advisory Nigeria Limited, stated that “the phenomenal success of this transaction reflects the strong credit quality of the issuer as well as the depth and resilience of the Nigerian domestic markets, despite the global market volatility.”

FMDQ Exchange’s commitment to innovation and efficient services will continue to support issuers and investors towards achieving an operationally excellent and globally competitive debt market.