The board listings, markets and technology committee of FMDQ approved the Registration of the Coronation Merchant Bank Limited N100.00 billion Commercial Paper (CP) Programme on the platform of the OTC Exchange in April 2018.
This CP Programme registration positions Coronation Merchant Bank Limited to raise finance for a tenor up to two-hundred and seventy (270) days from the debt market at a time in the future it deems suitable.
The short-term finance will be raised via CP issues within the approved CP Programme limit and quoted on FMDQ for visibility of the issue and issuer, and the desired transparency for investors.
The OTC Exchange avails a unique and credible platform for the registration, listing, quotation, trading and valuation of debt securities. CPs quoted on FMDQ benefit from the commendable and considerably efficient CP registration process, in addition to the continuous provision of invaluable information and price formation as part of the OTC Exchange’s commitment to organise, govern and enforce transparency in the Nigerian fixed income market space.