FMDQ Securities Exchange Limited has approved the quotation of TeleAfrica Communications Limited’s N130 million Series 1 Tranche A, N140 million Series 1 Tranche B, and N3.04 billion Series 1 Tranche C Commercial Papers (CPs) under its N20 billion CP Programme.
TeleAfrica is a Nigerian interconnect clearing house that provides international-to-local voice termination and local interconnect services between mobile network operators, as well as reconciliation and billing solutions that support the seamless exchange of telecommunications traffic across the country.
The net proceeds from these CP issuances, sponsored by AIICO Capital Limited (Lead Sponsor), Anchoria Advisory Services Limited, and FCSL Asset Management Company Limited, all Registration Members (Quotations) of the Exchange, will be deployed to support TeleAfrica’s working capital requirements and strengthen its capacity to deliver reliable interconnect infrastructure across Nigeria’s telecommunications industry.
This approval by the Exchange’s board listings and markets committee reinforces FMDQ Exchange’s role as a trusted platform for
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