Skymark Partners Raises N11.49 Billion in Commercial Paper Issuance on FMDQ Exchange

Skymark Partners has successfully raised N11.49 billion in a recent commercial paper issuance on the FMDQ Securities Exchange. This move is part of the company's N30 billion commercial paper issuance program for 2022, aimed at securing short-term funds to support its working capital and business expansion needs.

Skymark issued three new commercial paper series (48, 49, 50) totaling N11.49 billion, showcasing strong market appetite and investor confidence in its credit quality. The company's consistent issuances reflect sustained interest from institutional investors in the fixed income market, especially amid tightening bank credit conditions.

David Olujinmi, a financial journalist, provided insights into the market dynamics.