Private Companies’ Bonds Noting
Desirous of supporting credible private companies and ensuring their inclusion in the Nigerian debt capital markets (DCM) for the benefit of qualified institutional investors, FMDQ has commenced its Private Companies’ Bonds Noting Service, the “PCB Noting Service”, in order to maintain a repository for the activities in the DCM for the issuance, via private placement, and bilateral trading of bonds of private companies. The FMDQ PCB Noting Service provides a platform for the disclosure of private companies’ activities in the Nigerian bond market, serving as an information repository for the recording of these activities via a restricted access portal, the FMDQ PCB Portal. The PCB Noting Service is available to private companies and their debt securities (bonds) upon the satisfaction of key criteria, whilst availability of information on these securities is restricted to qualified institutional investors. By implication, due diligence, information transparency and post-issuance compliance are accorded to these securities and private companies in order for eligible stakeholders’ interests to be protected.