Jilnas Quotes N3.10bn Series Commercial Papers On FMDQ Exchange

In an effort to further develops the Nigerian debt markets, FMDQ Securities Exchange Limited (FMDQ Exchange), has approved the quotation of the Jilnas Nigeria Limited N2.87 billion Series 1 (Tranche A) and N0.23 billion Series 1 (Tranche B) Commercial Papers (CPs) under its N5.00 billion CP Issuance Programme on its platform.

The Exchange through its Board Listings and Markets Committee, again, support the debt market by providing a reliable and credible platform to support capital formation.

The successful admittance of these CPs continues to validate FMDQ Exchange as the preferred platform for the registration, listing and quotation of debt securities in the Nigerian financial markets and lays credence to the innovation, efficiency, and operational excellence for which the Exchange is highly reputed.

Jilnas Nigeria Limited (the “Issuer”) is an indigenous company engaged in the production of edible vegetable oil through extraction, refining, bleaching and deodorising/de-acidification.

The Jilnas Nigeria CPs, which are sponsored by Boston Advisory Limited (Lead Sponsor) and United Capital PLC, both Registration Members (Quotations) of FMDQ Exchange, will be used.