FMDQ Securities Exchange is pleased to announce the admission for listing on its platform, the Eat & Go Finance SPV PLC ₦3.50 billion Series 2 Fixed Rate Bond under its ₦15.00 billion Bond Issuance Programme.
Eat & Go Finance SPV PLC is a special purpose funding vehicle established by Eat ‘N’ Go Limited (“Eat ‘N’ Go”) to raise finance from the debt capital market through the listing of debt securities. Eat ‘N’ Go is a master franchisee for the Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt brands with over 100 stores established in nine states across Nigeria. The proceeds generated from the Eat & Go SPV PLC Series 2 Bond, which is sponsored by Chapel Hill Denham Advisory Limited – a Registration Member (Listings) of the Exchange, will be used to fund reserve accounts and offset the costs of the Company’s capital expenditure, amongst others.
“As part of its efforts toward unlocking the potential of the Nigerian economy, FMDQ Exchange will continue to promote market development in collaboration with its diverse stakeholders, to make the markets within its purview globally competitive”, FMDQ said.
“FMDQ Group is Africa’s first vertically integrated financial market infrastructure, FMI, group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future”, noted FMDQ.