The FMDQ Exchange announced that it has approved the quotation of Prima Corporation Limited’s N3.57bn series 1 commercial paper under its N30.00bn CP programme on the exchange’s platform.
Prima Corporation is a manufacturer of preforms and caps. A statement from the FMDQ quoted Prima’s group executive director as saying that the company was delighted at the approval of the CP which would be used for its working capital requirements. The head, capital markets at FBNQuest Merchant Bank Limited, Mr Oluseun Olatioye was quoted as saying that the company was pleased with its intermediation role in assisting Prima to access alternative sources of funding through the domestic debt market.
FMDQ stated, “The quotation of the Prima Corporation Limited CP validates FMDQ exchange’s conscious drive to support the goals of corporate businesses and to deepen the Nigerian financial markets by steadfastly availing its efficient platform for the registration, listing and quotation of debt securities.”
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