Magnificent Multiservices Limited has registered N20bn series 1 Commercial Paper programme on the FMDQ Securities Exchange platform with N5bn accessed already for its proposed city and estate developments through Raedial Homes.
To commemorate the successful debut on FMDQ Exchange, a Director in Magnificent Multiservices Limited, Claris Agenmonmen, said in a statement that, “We are extremely pleased, as this will be another step for us to expand and find solutions to some of the real estate problems Nigerians face daily.
“The success of this issue and subsequent listings are significant indicators of increasing investor confidence in our company’s reputation, brand, and performance.
“Magnificent Multiservices Limited started as a real estate firm doing great work in real estate investment over the years with investment spread across Edo, Rivers, Lagos and Abuja.
Magnificent Multiservices Limited Registers N20bn Commercial Paper On FMDQ
“With the 20bn commercial paper, we intend to go into full development of smart cities and smart homes through Raedial Homes which is our development subsidiary.”
Speaking on the projects, the Chief Executive Officer, Magnificent Multiservices Limited, Uwadiale Agenmonmen, said, “The company provides clients with a competitive and expansive platform of offerings in leasing, sales, investment sales, tenant and landlord advisory services, corporate and business consulting, and development.
“Clients also have the benefit of working with professionals in general construction, property and asset management, multifamily management, debt and equity capital placement, and data analytics.
“Our milestone debut market entry will emphasise the necessary collaboration between private entities and debt capital markets, as it enables us to pursue our multi-pronged growth strategy of optimising our operations and assets, expanding our footprint, and revolutionising the real estate sector.”
He added, “The CP will be used to support our enterprise on many fronts, but largely in solving the building collapsing issues that seem to be currently plaguing Nigeria.”
Source: Punch Newspaper