• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 12, 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

Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances

NPA Bags NASS’ Transparency Award

1 hour ago
UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience

Entrepreneurs Charged On Value, Sustainable Partnerships At UBA Business Series

2 hours 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

Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances
Business

NPA Bags NASS’ Transparency Award

2025/07/12
UBA Unveils ‘Scan To Resolve Complaint’ Portal For Enhanced Customer Experience
Business

Entrepreneurs Charged On Value, Sustainable Partnerships At UBA Business Series

2025/07/12
AKK Pipeline: A Game-Changer for Northern Nigeria’s Energy Landscape
Feature

AKK Pipeline: A Game-Changer for Northern Nigeria’s Energy Landscape

2025/07/12
DBN Harps On Education’s Impact Against Climate Crisis
Business

DBN To Train Entrepreneurs On Business Growth, Sustainability

2025/07/12
Coleman Wires To Boost Local Content Awareness
Business

Coleman Invests N700bn In 20 Years

2025/07/12
Summit Rallies Stakeholders To Drive Africa’s Economic Future
Business

Summit Rallies Stakeholders To Drive Africa’s Economic Future

2025/07/12
Leadership Conference advertisement

LATEST

NDDC Marks 25th Anniversary With Arts, Culture Parade

NLC, NSITF Fight Over Ownership Of Abuja Land

Crystal Palace Demoted From Europa League Over Ownership Rules

Tennis: Alcaraz’s Hold Off Fritz To Reach Wimbledon Final

Galatasaray Submits Fresh Proposal To Napoli For Osimhen

NSC Rallies Funding Support for NUGA, as Nigeria Competes at World University Games

Dare, Gumel, Ogba, Others To Storm Abeokuta for Athletics Championships

FIBA U-19 Women’s World Cup: NSC Drums Support For Junior D’Tigress

All Eyes On Abeokuta As African Junior Athletes Chase Continental Glories

Super Falcons’ Triumph Over Botswana Thrills Women Affairs Minister

© 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.