FMDQ Securities Exchange Limited has approved the quotation of Sycamore Integrated Solutions Limited’s N1.82 billion Series 1 Tranche A and N5.07 billion Series 1 Tranche B Commercial Papers (CPs) under its N20billion CP Programme.
This approval by the Exchange’s Board Listings and Markets Committee further reflects FMDQ Exchange’s commitment to fostering an efficient, transparent, and resilient debt capital market that connects issuers with capital and supports sustainable economic growth.
The net proceeds from these CP issuances, sponsored by BAS Capital Limited, a Registration Member (Quotations) of FMDQ Exchange, will be deployed to strengthen the Issuer’s working capital base, support the growth of its lending portfolio, and enhance its capacity to deliver its financial service offerings to emerging market segments.
Sycamore Integrated Solutions Limited (Sycamore) is a technology-driven financial services company dedicated to delivering innovative, accessible, and transparent credit and digital financial solutions to individuals and businesses across Nigeria.
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