The Chief Executive Officer of
Speaking on the development, Onadele said: "The market has been yearning for corporate benchmarks for pricing and valuation of securities in the debt capital market, and coming at a time when the resilience of the Nigerian financial market is being tested by the impact of the COVID-19 pandemic is even more commendable.
The success of these issuances by the premier and largest business conglomerate in
According to him, the admission of these securities on FMDQ validates the innovative and credible capital market solutions championed and efficiently delivered by FMDQ, over the last few years.
"Furthermore, in line with its mandate to facilitate global competitiveness of the Nigerian financial market, FMDQ, through these admissions, has provided the market and its diverse stakeholders - local and international - the much-needed corporate benchmark for the bond and commercial paper markets," he said.
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source