FMDQ Deepens Long-term Capital Market With Valency SPV N4.26bn Bond Listing

FMDQ Securities Exchange Limited has deepened access to long-term capital in Nigeria’s debt market with the listing of Valency SPV Plc’s N4.26 billion Series 1 Fixed Rate Bond, underscoring the growing role of the debt capital market in financing business growth.
The N4.26 billion 5-Year 21.00 per cent Series 1 Fixed Rate Bond was listed under Valency SPV Plc’s N50.00 billion Bond Issuance Programme, following approval by the Exchange’s Board Listings and Markets Committee.
The Exchange stated that “Valency SPV Plc is a special purpose vehicle established to raise capital through the debt capital markets. The proceeds from the Bond issuance will provide funding to support the Issuer’s...