FMDQ Securities Exchange Limited has approved the quotations of HillCrest Agro-Allied Industries Limited’s N2.42 billion Series 1 and N9.31 billion Series 2 Commercial Papers (CPs) under its N30 billion CP Issuance Programme. This approval by the Exchange’s Board Listings and Markets Committee underscores the important role of the Nigerian debt capital market in supporting access to efficient short-term funding for agro-processing enterprises.
HillCrest Agro-Allied Industries Limited (HillCrest) is a Kwara State-based agro-processing company operating in the Nigerian rice milling sub-sector. The company produces parboiled rice from locally sourced paddy through its expanding, technology-driven milling operations. Proceeds from this CP issuance, sponsored by Comercio Partners Capital Limited, a Registration Member (Quotation) of FMDQ Exchange, will be deployed to optimise the Issuer’s working capital, support its ongoing production capacity expansion, and strengthen its position within the Nigerian agro-allied value chain. Related News Obasanjo to unveil '999: The Memoir of Charly Boy' in tribute to Justice Oputa EFCC arraigns Abuja hotel CEO over alleged N15m fraud BOA bets on digital tech, e-wallets to boost farmers' access to finance
