The FMDQ Securities Exchange Limited has recently approved Chapel Hill Denham Nigeria Infrastructure Debt Fund (NDIF) Series 9 to list on its platform.
This was done at a nominal value of N100 each. At the same time, the units of the Nigeria Infrastructure Debt Fund Series 9 offer were being issued at a value of N108.89 per unit under the N200 billion issuance program.
The Exchange said that its goal is to grow the Nigerian financial markets, as FMDQ will continue to support the allocation of capital by providing a credible platform for capital formation and effective intermediation, fostering economic growth and development.
"The Chapel Hill Denham NIDF, which is sponsored by Chapel Hill Denham Advisory Limited, a Registration Member (Listings) of the Exchange, provides investors with stable income through debt investments in Nigerian infrastructure projects and helps them build a diversified portfolio in projects with essential economic and social services, long-term predictable cash flows, and a durable asset base with long useful life," FMDQ stated.
The official company website reads that 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.
Read more: https://www.investingport.com/fmdq-...apel-hill-series-9-debt-fund-on-its-platform/
