C & I Leasing Plc’s N18.90bn Series 1 Commercial Paper quotation under its N50.00bn CP Issuance Programme has received approval from FMDQ Securities Exchange Limited, signalling a major boost for Nigeria’s short-term debt capital market.
The successful paper quotation aims to expand the logistics firm’s access to short-term funding instruments while deepening the liquidity of the domestic financial ecosystem. Proceeds from the capital raise will be deployed directly towards meeting working capital requirements and financing operational activities to drive strategic growth.
The transaction, according to the FMDQ on Tuesday, has drawn strong praise from market leaders, regulators and deal bookrunners, who expressed immense satisfaction with the level of investor subscription.
Commenting on the funding, the Group Chief Operating Officer of FMDQ Group Plc, Ms Tumi Sekoni, said the quotation reflected the continued growth of Nigeria’s capital markets and affirmed the confidence that corporates place in the exchange.
Sekoni said, “The
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