FMDQ Exchange Approves Quotation of Pivot Integrated Energy Services Limited’s ₦100.08 Billion Commercial Papers
FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the quotation of Pivot Integrated Energy Services Limited’s ₦100.08 billion Series 1 Trance A – D Commercial Papers (“CPs”) under its ₦300.00 billion CP Programme on its platform. The Exchange’s Board Listings and Markets Committee approval reinforces FMDQ Exchange’s role in facilitating access to short-term financing and supporting the development of Nigeria’s debt capital markets.
Pivot Integrated Energy Services Limited (“Pivot Integrated Energy” or the “Issuer”) is an energy services company operating within Nigeria’s energy sector. The net proceeds from this CP issuance, sponsored by Pathway Advisors Limited (Lead Sponsor), with AIICO Capital Limited, Coronation Merchant Bank Limited, FCMB Capital Markets Limited, First Ally Advisory Limited, FSDH Capital Limited, Greenwich Capital Markets Limited, United Capital PLC, Rand Merchant Bank Nigeria Limited, and Quantum Zenith Capital & Investments Limited as Co-Sponsors, all Registration Members (Quotations) of FMDQ Exchange, will support the Issuer’s working capital requirements and the continued growth of its operations.
Commenting on the CP quotation, Mr. Dipo Omotoso, Divisional Head, Information Services, FMDQ Exchange, stated, “The quotation of Pivot Integrated Energy Services Limited’s CPs, supported by a broad syndicate of sponsors, underscores the importance of Nigeria’s CP market in providing corporates with access to short-term funding to meet their operational and business needs. Through its efficient and transparent market infrastructure, FMDQ Exchange continues to facilitate issuers’ access to the debt capital market, and we are pleased to support Pivot Integrated Energy as it leverages this funding opportunity to advance its business objectives.”
Through its robust listings and trading infrastructure, FMDQ Exchange continues to facilitate access to short-term financing opportunities for corporates across various sectors with an avenue to mobilise capital for their business needs. Supported by strong governance standards, transparency and market integrity, the Exchange remains committed to fostering an efficient, accessible marketplace that supports corporate financing, investor participation and the continued development of Nigeria’s financial markets.
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