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FMDQ Admits Parthian Partners’ N20Bn Commercial Paper

The FMDQ Securities Exchange Limited has formalized the registration of the Parthian Partners Limited N20 billion Commercial Paper (CP) Programme to its platform.

The registration of this CP Programme is expected to boost Parthian Partners Limited’s efforts to raise short-term finance from the Nigerian Debt Capital Market (DCM) to meet its financing needs.

The registration of the latest firm is part of the sustained initiatives of the FMDQ Exchange to revive the CP market for the purposes of providing corporate and commercial businesses with the opportunity to meet their short-term funding requirements.

The Exchange has also, through its Quotation Service, been providing investment stakeholders and market participants with credible and real-time information as part of its commitment to facilitate transparency in the fixed income market space.

On its part, Parthian Partners is providing competitive wholesale brokerage services in the African OTC markets.

The company is also trading in Federal Government of Nigeria (FGN) Bonds and Treasury Bills, State Government Bonds, Local Contractor Bonds, Corporate Bonds and Eurobonds, as well as providing regular market updates and liaising with market participants and regulators, amongst other investment services.

The FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group providing a one-stop platform for cost-efficient execution, risk management, clearing, settlement and depository services and data and information services across the debt capital, foreign exchange and derivatives markets in Nigeria.

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