FMDQ Securities Exchange Limited has announced the approval for the quotation on its platform, the Nigerian Breweries Plc N1.05billion Series 12, N0.94billion Series 13, and N2.67billion Series 14 Commercial Papers under its N100billion Commercial Paper Issuance Programme.
The Exchange said in a statement on Tuesday that this brought the total CPs issued by the issuer since the renewal of its N100billion CP Programme in 2019 to N156.20billion, with a total of N14.76billion currently active.
It said corporate institutions continued to successfully tap the Nigerian debt capital markets to access stable short, medium and long-term finance to fund key activities in their organisations.
According to the Exchange, the CP market has shown resilience by providing issuers with a sustained opportunity to grow their businesses, while contributing to the overall growth of the Nigerian economy.
FMDQ Exchange said the quotation of this and other CPs on its platform validated its conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets.