CATEGORIES: Nigerian Property Markets, Private Equity, REITs & Funds

Mixta Real Estate PLC to List First Real Estate Bond on FMDQ OTC Exchange

Last month, the Board Listings, Markets and Technology Committee of FMDQ OTC Securities Exchange approved the listing of the Mixta Real Estate PLC ₦4.50bn Series One 5-Year 17.00% Fixed Rate Senior Guaranteed Bond (the Mixta Bond) under a ₦30.00bn Medium Term Note Programme.

Mixta Real Estate PLC, a real estate developer, providing advisory services, and taking on special medium to large scale development projects, becomes the issuer of the first real estate bond to be listed on FMDQ’s platform in 2017.

FMDQ argue that the Mixta Bond will enjoy exceptional benefits Including:

  • Enhanced investor confidence;
  • Global visibility from the FMDQ-Bloomberg E-Bond Trading and Surveillance System;
  • Transparent information disclosure.

A listing ceremony is being planned to formally welcome the Mixta Bond onto the platform in the coming weeks, in honour of the issuer, Mixta Real Estate PLC.