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Headline - NASD COMMENCES DEBT INSTRUMENT TRADES


In line with our aim to create liquidity for all unlisted securities (Securities not listed on any other securities exchange in Nigeria) NASD developed a portal to swap unlisted fixed income instruments that are duly registered with the Securities and Exchange Commission. The first of these instruments - a corporate bond with 5 years to maturity, was swapped between two institutional investors on 1 June 2016. Reports of these deals and subsequent swaps shall be posted on our website. Registered Participating Institutions are hereby advised that they can now offer this expanded service to their institutional and retail clients. We continue to build more liquidity and transparency in secondary market for unlisted securities. trade terms
Source : NASD OTC Exchange