FMDQ Securities Limited (FMDQ Exchange) has approved a 100% upward review of the Commercial Paper Issuance Programme of Eunisell Limited, a company that specializes in the provision of speciality chemical solutions across a wide range of industrial users globally.
The Exchange, in its letter conveying the upward review of the CP issuance programme to the company, stated that the approval was given following a review of an application filed by it on July 6, 2023, seeking to “increase the extant Programme size from N10 billion to N20 billion.
Similarly, it clarified that the validity period of the extant Programme had been extended for an additional 12 months, from 24th April 2024 to a final maturity of April 21, 2025.
Commenting on the approval, Eunisell Limited’s Group Managing Director, Chika Ikenga, expressed the company’s management appreciation to FMDQ’s board and management, adding the increased size of the Programme will enable the company fund growth along the various business sectors as opportunities unfold.
Established in 1996, Eunisell is a leading global chemical and specialty fluid management company, supplying key products and solutions to a wide base of customers operating in Africa.
