FMDQ admits Emerging Africa Asset Management Limited Mutual Funds on its platform , welcomes Providus Bank N100bn Commercial Paper Programme

FMDQ Group PLC through its wholly-owned subsidiary, FMDQ Securities Exchange Limited, has approved for listing on its platform, the one billion units of N1.00 each Emerging Africa Money Market Fund, the one billion units of N1.00 each Emerging Africa Bond Fund, the 20,000 units of $100.00 each Emerging Africa Eurobond Fund, and the 500 million units of N1.00 each Emerging Africa Balanced Diversity Fund, of Emerging Africa Asset Management Limited (EAAML).

FMDQ also  approved the registration of the Providus Bank Limited (Providus Bank) N100billion Commercial Paper (CP) Programme on its platform.

 EAAML is a subsidiary of the Emerging Africa Group, which provides portfolio management services to individual and institutional investors globally.

Speaking on the successful listing of the Funds, the Managing Director, EAAML, Ms. Ada Ijara, commented that “the Emerging Africa Group is pleased to announce the listing by Emerging Africa Asset Management Limited of its bouquet of four  Mutual Funds on FMDQ Exchange’s platform to give the Funds the desired visibility and transparency provided by the platform.

The four  Mutual Funds, which are duly registered by the Securities and Exchange Commission (SEC) provide corporate and individual investors with opportunities to invest in a wide range of underlying assets such as quoted equity stocks, bonds, eurobonds, treasury bills and other fixed-income instruments.

 The Emerging Africa Money Market Fund invests in liquid and low-risk assets whilst providing capital preservation and competitive returns.

The Emerging Africa Bond Fund is suited for moderately conservative investors and offers better returns with moderate risk.

The Emerging Africa Eurobond Fund provides a hedge against local currency volatility by investing in US Dollar-denominated fixed income securities at competitive returns.

The Emerging Africa Balanced Diversity Fund offers a moderate exposure to equities and fixed income whilst advancing gender diversity with its focus on equities of companies with proven gender diversity at board and management levels.

The four  Mutual Funds offer great value to the investing public, catering to their varying risk appetites and investment preferences.

 We are grateful to FMDQ Exchange for providing benefits to the Funds listed on its platform, including but not limited to, global visibility through the dedicated ‘Funds’ page on the Exchange’s corporate website and price transparency to the funds through their inclusion in the FMDQ Daily Quotations List”.

Also commenting on the successful issuance, the sponsor of the Mutual Funds and a Registration Member (Listings) of the Exchange, EAC Advisory Limited, through its Managing Director/Group Chief Executive Officer, Mrs. Toyin Sanni, expressed great delight at the listing of the four  Mutual Funds on the FMDQ’s platform.

She also stated that “EAC Advisory is pleased, as Financial Advisers on the issuance and listing of the four  Mutual Funds, to have supported Emerging Africa Asset Management Limited in the development and introduction to the market of such a comprehensive and innovative range of investment products.

We thank the SEC on the support provided for initiatives like this which broaden alternatives for retail investors, whilst providing robust regulatory oversight for the protection of investors.

We are excited to partner once again with FMDQ to introduce superior products to the Nigerian Capital Market.

We laud FMDQ for providing an efficient listing process, governance oversight, transparent pricing mechanism, and access to a broad investor base.

The Emerging Africa Group will continue to partner with innovative Issuers to present attractive investment opportunities from African markets”.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and 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.

As the leading organiser for the Nigerian debt capital market (DCM), FMDQ Securities Exchange Limited through its Board Listings and Markets Committee, has approved the registration of the Providus Bank Limited (Providus Bank) N100billion Commercial Paper (CP) Programme on its platform.

The registration of this CP Programme strategically positions Providus Bank Limited to raise short-term finance from the Nigerian DCM easily, through CP issues within its CP Programme and quote same on FMDQ Exchange for visibility of the issue and desired transparency for the investors.

Providus Bank is a Nigerian financial services provider, licenced as a commercial bank to provide banking, investment and wealth management services to individuals and businesses. The registration of this CP programme, sponsored by Greenwich Merchant Bank Limited – a Registration Member (Quotations) of FMDQ Exchange, validates the Exchange’s conscious drive to support the capital market needs of corporates and governments and to further deepen the Nigerian financial markets, and ultimately, the nation’s economy.

FMDQ Exchange will continue to work collaboratively with market stakeholders to align the debt capital markets with international standards, and will, through f product and service innovation and the championing of key market development initiatives, take commendable steps to ensure that growth and development opportunities abound for the markets under its purview.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and 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.