Advancing Agro-Allied Financing: HillCrest Agro-Allied Industries Limited Quotes ₦11.73 Billion Commercial Paper on FMDQ Exchange FMDQ Securities Exchange Limited
Advancing Agro-Allied Financing: HillCrest Agro-Allied Industries Limited Quotes ₦11.73
Billion Commercial Paper on FMDQ Exchange
FMDQ Securities Exchange Limited
FMDQ Exchange has approved the quotations of HillCrest Agro-Allied Industries Limited’s ₦2.42 billion Series 1 and ₦9.31 billion Series 2 Commercial Papers under its ₦30.00 billion CP Issuance Programme.
This approval by the
Exchange’s Board Listings and Markets Committee underscores the important role of the Nigerian debt
capital market in supporting access to efficient short-term funding for agro-processing enterprises.
HillCrest Agro-Allied Industries Limited is a Kwara State-based agroprocessing company operating in the Nigerian rice milling sub-sector.
The company produces parboiled rice from locally sourced paddy through its expanding, technology-driven milling operations.
Proceeds
from the CP issuance, sponsored by Comercio Partners Capital Limited, a Registration Member
(Quotation) of FMDQ Exchange, will be deployed to optimise the Issuer’s working capital, support its ongoing production capacity expansion, and strengthen its position within the Nigerian agro-allied value chain.
Commenting on the quotations, Mr. Dipo Omotoso, Senior Vice President, FMDQ Exchange, stated that
HillCrest Agro-Allied Industries Limited’s access to the CP market demonstrates how Nigeria’s capital
markets continue to support the growth and expansion plans of home-grown agro-processing
companies.
As local enterprises continue to scale production and strengthen supply chains, FMDQ Exchange remains committed to providing the market infrastructure needed to connect these enterprises with the funding required to sustain their growth.”
FMDQ Exchange remains resolute in its mission to deepen capital formation for Nigeria’s growing base of agro-processing and manufacturing companies.
By providing a transparent and well-regulated marketplace for short-term debt instruments, the Exchange enables these enterprises to fund capacity expansion, adopt modern production technologies, and compete more effectively in both domestic and regional markets, furthering the Exchange’s broader commitment to industrialisation and
sustainable economic development.
FMDQ Group PLC is Africa’s first vertically integrated FMI group,
strategically positioned to provide end-to-end services across the financial markets value chain.
The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing and central counterparty, and settlement services for financial markets transactions; securities
depository services; and market 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.
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Green Exchange positioned to lead the transition towards a sustainable future.
