Dufil Prima lists NGN4.5 billion commercial paper on FMDQ

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Dufil Prima Foods has joined other companies deepening the Nigerian debt capital market by listing NGN4.5 billion commercial paper on the FMDQ OTC Exchange.

The FMDQ OTC Exchange said following the approval of the FMDQ Board Listings, Markets and Technology Committee, the OTC Exchange has admitted the quotation of the Dufil Prima Foods PLC NGN20,000,000.00 Series 2, NGN1,103,830,000.00 Series 3 and NGN3,304,900,000.00 Series 4 Commercial Paper (CP) Notes under its NGN30,000,000,000.00 CP Programme.

These  notes, which will enhance the liquidity buffers of Dufil Prima, a key player in the Nigerian fast moving consumer goods industry, will be availed adequate governance, through their quotation on FMDQ, to ensure the notes remain credible. These issues will also enjoy transparency through continuous disclosure of information as hosted on the quotations page of FMDQ’s website, for the ultimate benefit of the investors and alignment of the OTC Exchange’s markets to international best practices.

With activities for the year fully taking off, FMDQ’s goal of making the OTC markets globally competitive remains valid, as the OTC Exchange maintains its focus on sustaining its standard of providing a quality and reliable platform, with unrivalled market data and information, whilst promoting price discovery, transparency and efficiency. Through consistent collaboration with its stakeholders, FMDQ shall continue to leverage on opportunities to deliver value to the OTC markets within its purview and by extension, the nation’s economy.