Key Takeaways
- • FMDQ Securities Exchange approved and listed 10.00 billion units of ARM Investment Managers Limited's Series 1 Private Debt Fund at ₦1.00 per unit, totaling ₦10 billion, under a ₦200.00 billion Issuance Programme.
- • The listing was approved by FMDQ's Board Listings and Markets Committee and is sponsored by ARM Capital Limited, a Registration Member (Listings) of FMDQ Exchange.
- • FMDQ Group COO Tumi Sekoni characterized the listing as a step toward expanding investable securities and connecting capital providers with private debt opportunities in Nigeria.
- • The listing gives investors an avenue into private debt and supports long-term capital flows to private sector financing needs across Nigeria.
Summary
FMDQ Securities Exchange Limited has approved and listed 10.00 billion units of the Series 1 Private Debt Fund of ARM Investment Managers Limited, according to MarketForces Africa. Each unit is priced at ₦1.00, bringing the listing to ₦10 billion, and it is issued under a ₦200.00 billion Issuance Programme.
The listing was approved by the Exchange's Board Listings and Markets Committee. ARM Capital Limited, a Registration Member (Listings) of FMDQ Exchange, sponsors the fund. ARM Investment Managers is an asset management firm serving both institutional and individual investors.
Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ Group PLC, said the listing marks an important step in expanding the range of investable securities in Nigeria's capital markets. She noted that private debt is gaining relevance as an alternative financing channel for businesses and that credible market infrastructure is essential to connecting capital providers with investment opportunities.
According to the publication, the listing supports the channelling of long-term capital toward private sector financing needs across the Nigerian economy. FMDQ positioned the listing as part of its broader listings framework and governance standards, aimed at enabling issuers and fund managers to reach a wider investor base.
The listing was approved by the Exchange's Board Listings and Markets Committee. ARM Capital Limited, a Registration Member (Listings) of FMDQ Exchange, sponsors the fund. ARM Investment Managers is an asset management firm serving both institutional and individual investors.
Ms. Tumi Sekoni, Group Chief Operating Officer of FMDQ Group PLC, said the listing marks an important step in expanding the range of investable securities in Nigeria's capital markets. She noted that private debt is gaining relevance as an alternative financing channel for businesses and that credible market infrastructure is essential to connecting capital providers with investment opportunities.
According to the publication, the listing supports the channelling of long-term capital toward private sector financing needs across the Nigerian economy. FMDQ positioned the listing as part of its broader listings framework and governance standards, aimed at enabling issuers and fund managers to reach a wider investor base.
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