April 5, 2017

FMDQ to list Mixtra Real Estate N30bn bonds

By Nkiruka Nnorom

FMDQ OTC Securities Exchange Plc has approved the listing of Mixta Real Estate Plc N30 billion bond for trading on its platform.

The listing of Mixtra bonds will mark the first real estate bond to be listed on the FMDQ this year.

Mixta Real Estate Plc is a real estate developer that provides advisory services and takes on special medium to large scale development projects.

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, and paving way for other issuers in the real estate sector, with a view to fully maximising the potential of the Debt Capital Market, DCM, in supporting economic growth and development, FMDQ said.

“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,” the OTC Exchange added..

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