FMDQ positions to support housing sector through debt capital market

FMDQ positions to support housing sector through debt capital market

… as Mixta Real Estate lists N30bn bond on the OTC Exchange

Following approval granted the Lagos State government by the Board Listings, Markets and Technology Committee of FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange), for the listing of the Lagos State N47 billion Bond on the OTC Exchange, in an unrivalled time to market, comes the approval for the listing of the Mixta Real Estate plc N30 billion Bond (the Mixta Bond).

In streamlining the efficiency of its processes and delivering value to both corporate and commercial businesses desirous of accessing the debt capital market (DCM), FMDQ has continued to avail its credible platform as well as tailor its Listings and Quotations service to suit the needs of the issuers.

Mixta Real Estate, a real estate developer, providing advisory services, and taking on special medium to large scale development projects, therefore, becomes the first real estate bond to be listed on FMDQ’s platform in 2017.

By listing on FMDQ, the Mixta Bond enjoys exceptional benefits which includes, but are not limited to, enhanced investor confidence in the Mixta Bond, transparent information disclosure, effective price formation and global visibility from the FMDQ-Bloomberg E-Bond Trading and Surveillance System, the FMDQ website and FMDQ e-Markets Portal.

A unique listing ceremony is being planned to formally welcome the Mixta Bond onto the platform in the coming weeks, in honour of the issuer, Mixta Real Estate.
Having signed a memorandum of understanding with the Nigeria Mortgage Refinance Company (NMRC) PLC, towards bridging the housing gap in Nigeria through the DCM, the listing of the Mixta Bond on FMDQ, is therefore a welcome development, paving the way for other issuers in the real estate sector, with a view to fully maximising the potential of the DCM in supporting economic growth and development.

As the Nigerian DCM-focused OTC Exchange, FMDQ has and shall continue to enable even more issuers’ key into the offerings of the Nigerian DCM to boost their businesses and therefrom, build their corporate profiles.

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Ezeadichie Onyeka Michael is the Co-Founder of Haelsoft, a Professional Services Company in Nigeria that provides Information and Technology Services for small and big size companies in Nigeria(Africa). He is an Entrepreneur and Venture Capitalist with Expertise in Web Technology and Digital Marketing. He has developed & Implemented Digital Marketing Strategies(Campaigns) for top brands across sectors in Finance, Telecommunication, Ecommerce who operate in the African market. His professional experience includes key roles at Google Business Group(Nigeria), Google Women on the Web (Nigeria), Edubridge Consultant and Wild Fusion where he has trained over 500 Entrepreneurs on how to use various Web Technology products to succeed online. Customer centricity, User Experience, Conversion optimization are 3 pronged framework he applies around the often-frenetic world of web analytics to ensure that clients stay competitive in the market. He believes that investing in talent is the key to long term success for brands across Nigeria (Africa).

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