FMDQ Securities Exchange Limited (FMDQ Exchange) has announced the approval of the quotation of Mixta Real Estate Plc’s ₦1.66 billion Series 33 Commercial Paper (CP) under its ₦20.00 billion CP Issuance Programme.
This was despite the under-performance of the Nigerian real estate sector last year due to the negative impact of the COVID-19 pandemic. But the operators are optimistic that there could be an early rebound in 2021.
The quotation of the Mixta Real Estate ₦1.66 billion Series 33 CP on FMDQ Exchange is another testament of FMDQ’s leadership and resilience in providing the required support to governments, corporates and individuals through the delivery of innovative and dependable capital market solutions.
As the leading organiser for the Nigerian debt capital market and in its role as a catalyst for infrastructure development, FMDQ provides a platform for the registrations, listings, quotations, and trading of debt securities, towards empowering the Nigerian financial market.
The CP market has continued to prove a viable alternative for corporate entities in diverse business areas looking to secure short-term funding for working capital requirements and other capital expenditures.
It avails them with numerous opportunities to carry on with key business activities, which contributed to the revitalisation of the Nigerian economy despite the pandemic.
The Mixta CP, like all other securities listed, quoted and traded on the FMDQ Exchange platform, shall be availed global visibility through FMDQ Exchange’s website and systems, transparency through its inclusion in the FMDQ daily Quotations List, governance and continuous information disclosure to protect investor interest.
Mixta Real Estate Plc (“Mixta”), a subsidiary of Mixta Africa, is a leading real estate development company in Nigeria. It has a strong track record and diverse real estate portfolio, with operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry.
Mixta has successfully delivered close to 4,400 real estate assets, comprising homes, plots and retail outlets to end-buyers and continues to seek innovative solutions to activate development finance for affordable housing in Nigeria.
FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement, depository and data information services for the Nigerian financial market.