In a bid to support corporate entities and provide efficient access to capital, FMDQ Securities Exchange Limited has approved the listing of the Eat & Go Finance SPV PLC Series 1 Fixed Rate Bond under its Bond Issuance Programme.
The bond, valued at ₦1.15 billion, under its ₦35.00 billion Bond Issuance Programme,was admitted on May 24, 2024, showcasing FMDQ Exchange’s commitment to empowering stakeholders and delivering value.
Eat & Go Finance SPV PLC, a funding vehicle established by Eat ‘N’ Go Limited, aims to raise finance through debt securities listing. With over 175 stores in Nigeria and Kenya, Eat ‘N’ Go, a master franchisee for popular brands, sees significant growth potential.
The proceeds from the bond issuance will be utilized to manage debts, support working capital needs, and enhance sales infrastructure nationwide.
FMDQ Exchange’s dedication to driving innovation and efficiency in the Nigerian debt markets is evident through its Securities Admission Services. By offering seamless access to capital and investment assets, the Exchange plays a crucial role in facilitating financial transactions for issuers and investors. As part of FMDQ Group PLC, Africa’s first vertically integrated financial market infrastructure group, FMDQ Exchange leads the way in providing comprehensive financial solutions across various markets.
With a focus on sustainability, FMDQ Group PLC operates Africa’s premier Green Exchange, FMDQ Green Exchange, contributing to the transition towards a more sustainable future.
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