FMDQ Securities Exchange Limited announced on Monday that it had approved the quotation of the N960m Series 35 Mixta Real Estate Plc Commercial Paper under its N20bn CP Issuance Programme on its platform.

It said in a statement that the proceeds from the CP quotation would be used to finance Mixta Real Estate’s short-term funding requirements.

The exchange said it continued to fulfill its mandate to further deepen and effectively position the Nigerian debt capital market for growth, in support of the realisation of a globally competitive and vibrant economy.

Mixta Real Estate, a subsidiary of Mixta Africa, is a real estate development company in Nigeria, with operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry.

The exchange said the quotation of the Mixta Real Estate’s CP was sponsored by FBNQuest Merchant Bank Limited, a registration member (quotation) of FMDQ Exchange.

According to the statement, the quotation is further testament to FMDQ’s leadership and resilience in providing the required support to businesses, corporates and government entities through the delivery of innovative and value-adding capital market solutions.

“As part of efforts towards unlocking the potential of the Nigerian economy, FMDQ Exchange shall continue to support institutional growth and stimulate continuous development of the economy at large, through the provision of a world-class Quotations Service, in line with its mandate,” it added.