FMDQ admits CitiTrust Holdings’ N50 billion CP

FMDQ Securities Exchange Limited has announced the registration of CitiTrust Holdings Plc’s N50 billion commercial paper (CP) programme on its platform.

According to the exchange, the CP programme registration, which is sponsored by Boston Advisory Limited, a registered member (Quotations) of the exchange strategically positions CitiTrust Holdings to raise short-term finance quickly from the Nigerian debt markets.

By the registration of CP programme and quotation of subsequent CPs, the company has secured access to capital.

FMDQ also pointed out that the successful registration followed the approval of the board listings and markets committee, attesting to the efficient time-to-market and securities admission service offered by the exchange.

It added that with the significant milestone, CitiTrust Holdings has joined other corporate institutions across various sectors of the economy to enjoy the benefits of visibility, transparency and liquidity for issuers and issues that come with the FMDQ exchange quotations service.

Through the platform, corporate institutions have continued to access stable financing from the Nigerian debt market.