Expanding Access to Long-Term Funding, Valency SPV PLC Lists ₦4.26 Billion Series 1 Fixed Rate Bond on FMDQ Exchange
FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) is pleased to announce the approval and listing of Valency SPV PLC’s ₦4.26 billion 5-Year 21.00% Series 1 Fixed Rate Bond (the “Bond”) under its ₦50.00 billion Bond Issuance Programme on its platform. This approval by the Exchange’s Board Listings and Markets Committee underscores FMDQ Exchange’s role in facilitating access to long-term capital and broadening investment opportunities in Nigeria’s debt capital markets.
Valency SPV PLC (“Valency SPV” or the “Issuer”) is a special purpose vehicle established to raise capital through the debt capital markets. The proceeds from this Bond issuance, sponsored by FirstCap Limited (Lead Sponsor) and Coronation Merchant Bank Limited, both Registration Members (Listings) of the Exchange, will provide funding to support the Issuer’s financing objectives and business plans.
Commenting on the listing, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, stated: “The listing of Valency SPV PLC’s Series 1 Fixed Rate Bond on FMDQ Exchange highlights the importance of debt capital markets in providing issuers with access to long-term financing. By facilitating the listing of diverse fixed-income securities, FMDQ Exchange remains committed to providing a transparent and efficient marketplace that connects issuers with investors and advances the development of Nigerian financial markets.”
Through a transparent, well-governed, and efficient marketplace, FMDQ Exchange continues to help issuers across sectors to access the debt capital markets to meet diverse funding needs, including business expansion, refinancing, infrastructure development, and working capital requirements. By broadening the range of securities available to investors, facilitating price discovery, and upholding high standards of governance and market integrity, the Exchange strengthens investor confidence and broadens market participation.
FMDQ Group PLC (“FMDQ Group” or the “Group”) is Africa’s first vertically integrated FMI group, strategically positioned to provide end-to-end services across the financial markets value chain. The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing & central counterparty, and settlement services for financial markets transactions; securities depository services; and market data & information services, across the debt capital, foreign exchange, derivatives, and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
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