FMDQ exchange admits N3.57 billion Prima Corporation commercial paper
FMDQ announced that it has approved the listing of Prima Corporation Limited’s 3.57 billion naira Series 1 commercial paper under its 30.00 billion naira CP program on the platform. stock Exchange.
Prima Corporation is a manufacturer of preforms and caps. A press release from the FMDQ quoted the general manager of the Prima group saying that the company was delighted with the approval of the CP which would be used for its working capital needs.
FBNQuest Merchant Bank Limited’s head of capital markets, Mr Oluseun Olatioye, reportedly said the company was satisfied with its role as an intermediary in helping Prima access other sources of funding through the domestic debt market.
The FMDQ stated: “The listing of Prima Corporation Limited CP validates the conscious willingness of the FMDQ stock exchange to support business objectives and deepen Nigerian financial markets by relentlessly using its efficient platform for registration, listing and listing of debt securities.
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