FMDQ Registers DLM Capital N20 Billion Commercial Paper


FMDQ Exchange has announced the registration of DLM Capital N20 billion commercial paper on its platform, according to a statement. DLM Capital Group is one of the leading Development Investment Bank in Nigeria that provides innovative solutions to economic and social development problems.
The statement reads that the Investment Bank comprises of subsidiaries in bespoke corporate finance advisory, trustee, asset management, and securities trading arms, to sovereign/sub-sovereign entities as well as private & non-private corporations.
FMDQ Securities Exchange stated that following the due diligence of its Board Listings and Markets Committee, the DLM Capital Group Limited ₦20.00 billion CP Programme was approved for listing on its platform.
Speaking on the importance of the programme registration, the Group Chief Executive Officer/Managing Director, DLM Capital Group Limited, Sonnie Ayere, stated that “DLM Capital Group is pleased to announce the quotation of its ₦20.00 billion CP Issuance Programme on FMDQ Exchange.
“The Funding Programme is an important strategic move towards achieving the DLM Capital Group’s developmental mandate of supporting the sustainable growth of small & medium-sized corporates across the country in addition to supporting our growing retail and consumer finance business”.
Also, the sponsor of the CP Programme and a Registration Member (Quotations) of the Exchange, FBNQuest Merchant Bank Limited represented by the Head, Investment Banking, Patrick Mgbenwelu, said “FBNQuest Merchant Bank Limited is pleased about its role as Lead Arranger on the quotation of DLM Capital Group Limited’s ₦20.00 billion CP Programme and its plans on the subsequent issues under the Programme.
“FBNQ Merchant Bank’s role reinforces our commitment to support medium and large companies in accessing the capital market for raising short-, medium- and long-term funding for their working capital requirements and capital expansion”.