FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the listing of Valency SPV Plc’s N4.26 billion 5-Year 21 percent Series 1 Fixed Rate Bond under its N50 billion Bond Issuance Programme on its platform. This approval by the Exchange’s Board Listings and Markets Committee underscores FMDQ Exchange’s role in facilitating access to long-term capital and broadening investment opportunities in Nigeria’s debt capital markets.
Valency SPV Plc is a special purpose vehicle established to raise capital through the debt capital markets. The proceeds from this Bond issuance, sponsored by FirstCap Limited (Lead Sponsor) and Coronation Merchant Bank Limited, both Registration Members (Listings) of the Exchange, will provide funding to support the Issuer’s financing objectives and business plans.
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Tumi Sekoni, group chief operating officer, FMDQ Group Plc said, “The listing of Valency SPV PLC’s Series 1 Fixed Rate Bond on FMDQ Exchange highlights the importance of debt capital markets in providing issuers with access to long-term financing. By facilitating the listing of diverse fixed-income securities, FMDQ Exchange remains committed to providing a transparent and efficient marketplace that connects issuers with investors and advances the development of Nigerian financial markets.”
Through a transparent, well-governed, and efficient marketplace, FMDQ Exchange continues to help issuers across sectors to access the debt capital markets to meet diverse funding needs, including business expansion, refinancing, infrastructure development, and working capital requirements. By broadening the range of securities available to investors, facilitating price discovery, and upholding high standards of governance and market integrity, the Exchange strengthens investor confidence and broadens market participation.
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Iheanyi Nwachukwu, is a creative content writer with over two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Deputy Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
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