Eat & Go Finance Bond Listed On FMDQ Exchange

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The FMDQ Exchange has given its nod for the inclusion of Eat & Go Finance SPV Plc’s N1.15 Billion Series 1 Fixed Rate Bond on its platform. This move falls under the umbrella of FMDQ Exchange’s larger N35.00 Billion Bond Issuance Programme.

Eat & Go Finance SPV Plc is a dedicated funding entity set up by Eat ‘N’ Go Limited, a company renowned for its stewardship of popular food brands like Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt. With over 175 stores spread across Nigeria and Kenya, Eat ‘N’ Go sees significant potential for expansion.

The bond’s approval marks a strategic move by Eat & Go Finance SPV Plc to tap into the debt markets for financial support. Chapel Hill Denham Advisory Limited, acting as the sponsor, facilitated the bond issuance process.

Proceeds from the bond offering are earmarked for several purposes. Firstly, the funds will be used to settle existing debts, thereby strengthening the financial position of Eat ‘N’ Go. Additionally, a portion of the proceeds will be directed towards fulfilling working capital requirements, ensuring smooth operational continuity. Lastly, investment in sales infrastructure across the company’s operational footprint is on the agenda to drive further growth.

FMDQ Exchange underscores its commitment to driving transformative changes in Nigeria’s debt markets and the broader economy. The exchange prides itself on fostering innovation and operational efficiency to facilitate seamless access to capital and investment assets for both issuers and investors.

Central to FMDQ Exchange’s mission is its prompt and cost-effective Securities Admission Services. These services are designed to streamline the process of accessing capital and investment assets within Nigeria’s debt markets. The exchange offers a comprehensive suite of financial solutions to cater to the diverse needs of market participants.

By listing the Eat & Go Finance SPV Plc bond, FMDQ Exchange not only expands its offerings but also contributes to the growth and development of the Nigerian debt market ecosystem. This listing enhances market liquidity and provides investors with additional investment opportunities.

Market observers anticipate positive outcomes from the listing, including increased investor interest and confidence in Eat & Go Finance SPV Plc’s bond. The move also underscores the company’s commitment to transparency and accountability in its financial operations.

With the successful listing of the bond, Eat & Go Finance SPV Plc is well-positioned to execute its growth strategy and achieve its long-term objectives. The bond issuance reflects the company’s confidence in its business model and its ability to leverage the capital markets for sustainable growth.

Overall, the listing of the Eat & Go Finance SPV Plc bond on FMDQ Exchange marks a significant milestone for both the company and the Nigerian debt market. It opens up new avenues for financing and investment, paving the way for continued economic growth and development.

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