• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FMDQ Exchange Lists Presco’s N34.5bn Bond

by Olushola Bello
3 years ago
in Business
FMDQ
Share on WhatsAppShare on FacebookShare on XTelegram

The FMDQ Securities Exchange Limited has approved the listing of oil palm processing company, Presco Plc’s N34.50 billion bond on its platform.

Advertisement

The Exchange stated that, “following the due diligence of the Exchange’s Board Listings and Markets Committee, it is pleased to announce the approval for the listing of the Presco N34.50 billion Series one Fixed Rate Bond.

“The bond falls under the N50 billion bond issuance programme on the FMDQ platform. Presco Plc is a fully-integrated agro-industrial establishment that specialises in the cultivation of oil palm plantation, milling and crushing of palm kernels to produce a range of refined vegetable oil.

“It also has an olein and steering packaging and biogas plants to treat its palm oil mill effluent.”

FMDQ said, the proceeds generated from the Presco Series one Bond will be used by the Issuer to refinance existing facilities from banks and to augment working capital requirements.

RELATED

Ayanacho Named Yessiey Tech Innovator Of The Year

27 minutes ago
FCMB Partners Leading Real Estate Firms On Affordable Housing

FCMB Backs Totalenergies Staff Housing With $40m Loan Facility In Eko Atlantic

27 minutes ago

Recently, the managing director of Presco, Felix Nwabuko, commended the institutional investor community for supporting the transaction.

According to the Exchange, the bond is co-sponsored by Stanbic IBTC Capital Limited (Lead Sponsor), CardinalStone Partners Limted and Quantum Zenith Capital and Investments Limited; all registered members of the Exchange.

“As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt capital market and economy at large, FMDQ Exchange continues to show its commitment to promote an efficient, transparent, and well-regulated market.

“In also attracts and retains both domestic and foreign investors, through the provision of a world-class listing and quotation service, amongst others, in line with its mandate.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: FMDQ
SendShareTweetShare
Previous Post

Asaju, Spectrum Expert, Bows Out Of NCC With Accolades

Next Post

Union Bank To Reward Customers With N55m

Olushola Bello

Olushola Bello

You May Like

Business

Ayanacho Named Yessiey Tech Innovator Of The Year

2025/07/19
FCMB Partners Leading Real Estate Firms On Affordable Housing
Business

FCMB Backs Totalenergies Staff Housing With $40m Loan Facility In Eko Atlantic

2025/07/19
Customs To Equip 50,000 School Pupils With Educational Materials
Business

Customs To Equip 50,000 School Pupils With Educational Materials

2025/07/19
AltBank Drives Community-led Effort To Tackle Plastic Pollution
Business

AltBank Drives Community-led Effort To Tackle Plastic Pollution

2025/07/19
NECA Raises Concern As Forex Volatility, High Interest Rates Threaten MSMEs
Business

NECA Raises Concern As Forex Volatility, High Interest Rates Threaten MSMEs

2025/07/19
How To Start Accepting Crypto As A Business
Business

How To Start Accepting Crypto As A Business

2025/07/18
Leadership Conference advertisement

LATEST

Guinness Joins Big Brother Naija Season 10 As Gold Sponsor

PCNGI Facilitates $800m Investments, As Converted Vehicles Exceed 100,000 In 1 Year

Ayanacho Named Yessiey Tech Innovator Of The Year

FCMB Backs Totalenergies Staff Housing With $40m Loan Facility In Eko Atlantic

Customs To Equip 50,000 School Pupils With Educational Materials

AltBank Drives Community-led Effort To Tackle Plastic Pollution

Tinubu Hires IBB’ Son As BOA Chairman, 8 Others Get Appointments

Police Nab Bandit, Recover AK-49 Rifle, Ammunition

ICPC To Arraign KANSIEC Chairman Over Alleged N1bn Money Laundering

AAAN Starts 52nd Congress With Call To Reclaim Industry Pride

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.