Nigeria: FMDQ Exchange Admits Parthian Partners N20 Billion CP

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The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.

The registration of this CP Programme strategically positions Parthian Partners Limited (Parthian Partners) to raise short-term finance from the DCM with speed at a time in the future when it determines suitable, through CP issues within the CP Programme limit, FMDQ said in a statement.

“In support of the growth and revitalization of the Nigerian economy, FMDQ championed the resuscitation of the CP market to provide corporate and commercial businesses with the opportunity to meet their short-term funding requirements, whilst building their profiles within the Nigerian DCM.

“In addition to its commendable and efficient registration process, FMDQ Exchange, through its Quotation Service, will provide stakeholders and market participants with credible and real-time information as part of the Exchange’s commitment to facilitate transparency in the fixed income market space”.

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Parthian Partners provides competitive wholesale brokerage services in the African OTC markets, and trades in Federal Government of Nigeria (FGN) Bonds and Treasury Bills, State Government Bonds, Local Contractor Bonds, Corporate Bonds and Eurobonds. It provides regular market updates and liaises with market participants and regulators in the African markets to provide independent research on the African fixed income market.

-Parrot (ng)

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