Powering Digital Growth: FMDQ Exchange approves CapitalSage Technology Limited’s ₦45.12 Billion Commercial Papers
FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the quotation of CapitalSage Technology Limited (“CapitalSage” or the “Issuer”)’s ₦4.29 billion Series 1, ₦3.33 billion Series 2 and ₦37.50 billion Series 3 Commercial Papers (“CPs”) under its ₦75.00 billion CP Programme. This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a trusted platform for short-term capital market financing and provides CapitalSage with access to the Nigerian debt capital market to support its funding requirements and strategic business objectives.
CapitalSage is a technology company focused on delivering solutions that support the evolving needs of businesses and consumers within Nigeria’s digital economy. The net proceeds from the CP issuances, sponsored by United Capital PLC (Lead Sponsor), AIICO Capital Limited, Anchoria Advisory Services Limited, CFG Maynard Limited, Comercio Partners Capital Limited, Cordros Advisory Services Limited, Coronation Merchant Bank Limited, FCMB Capital Markets Limited, Investment One Financial Services Limited, Quantum Zenith Capital & Investments Limited, and Regius Capital Limited (Co-Sponsors), all Registration Members (Quotations) of the Exchange, will be deployed to support the Issuer’s funding requirements and strategic initiatives, further strengthening its capacity to deliver technology-driven solutions and contribute to the continued growth of Nigeria’s digital economy.
Commenting on the CP quotation, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, said: “The successful quotation of CapitalSage Technology Limited’s Commercial Papers on FMDQ Exchange demonstrates the continued relevance of the Nigerian debt capital market as a channel for businesses to access short-term funding. At FMDQ Exchange, we remain committed to providing a transparent, efficient and credible platform that enables businesses to access capital, strengthen their operations and contribute meaningfully to the growth and development of Nigeria’s economy.”
Through its comprehensive suite of services, FMDQ Exchange continues to support market participants with efficient and transparent access to the financial markets, facilitating capital formation, and enabling businesses to optimise funding opportunities and advance their strategic objectives. The Exchange remains committed to facilitating financial market efficiency and creating opportunities for market participants to achieve their strategic and long-term financial objectives.
FMDQ Group PLC (“FMDQ Group” or the “Group”) is Africa’s first vertically integrated FMI group, strategically positioned to provide end-to-end services across the financial markets value chain. The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing & central counterparty, and settlement services for financial markets transactions; securities depository services; and market data & information services, across the debt capital, foreign exchange, derivatives, and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
