The FMDQ Exchange has admitted UAC's N54.03 billion seven-year fixed rate bond onto its platform.
In a recent development in Nigeria's financial markets, the FMDQ Exchange announced the admission of UAC's N54.03 billion seven-year fixed rate bond. This move allows the bond to be quoted and traded on the exchange's platform, providing investors with access to this fixed income instrument. UAC, a prominent Nigerian conglomerate, issued the bond as part of its funding strategy. The admission underscores the growing activity in Nigeria's debt capital market, where such instruments play a key role in corporate financing. No further details on the bond's terms or issuance date were provided in the announcement.
