FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of C & I Leasing Plc’s N18.90 billion Series 1 Commercial Paper (CP) under its N50 billion CP Issuance Programme.
C & I Leasing Plc is a leading leasing and fleet management company in Nigeria, with operations spanning automobile leasing, marine services, and outsourcing solutions.
The proceeds from this CP issuance, led by Cordros Advisory Services Limited (Lead Sponsor), AIICO Capital Limited, Anchoria Advisory Services Limited, Apel Asset Limited, ARM Capital Limited, First Ally Advisory Limited, FSDH Capital Limited, Quantum Zenith Capital & Investments Limited, SCM Capital Limited, and SFS Financial Services Limited, all Registration Member (Quotations) of FMDQ Exchange, will be utilised to meet the working capital requirements and finance its operational activities in support of its strategic growth objectives.
Commenting on the CP quotation, Tumi Sekoni, group chief operating officer, FMDQ Group Plc stated: “The quotation of C & I Leasing PLC’s Series 1 Commercial Paper on FMDQ Exchange reflects the continued growth of Nigeria’s capital markets and affirms the confidence that corporates place in the Exchange as the preferred platform for short-term capital mobilisation. This transaction underscores the Exchange’s commitment to providing an efficient, transparent, and credible marketplace that enables businesses to meet their financing needs while supporting sustainable economic growth and development in Nigeria.”
