Flour Mills Nigeria Plc fresh N29.8 bond listing will help the company to explore diversified funding sources from the Nigerian capital market.
The Group Managing Director of FMN, Mr. Omoboyede Olusanya, at the listing of the Tranche A and Tranche B bonds valued at N29.8 billion on the Nigerian Stock Exchange (NSE) said the move would further enhance growth and the development of the company.
The food and the agro-allied company issued these bonds under its N70 billion Bond Issuance Programme.
The GMD said the company would continue to explore funding opportunities inherent in the capital market to ensure business growth and continuity.
He disclosed that FMN’s credit rating, as well as the operational financing of the Group, have improved considerably.