19

Oct

Lafarge gets $778m fine for supporting terror groups

Lafarge SA has been fined $778 million by the US Justice Department for supporting terror groups in Syria during the Syrian civil war. In a statement, Lafarge and the parent company Holcim Group, stated thus: “Lafarge SA and its defunct subsidiary Lafarge Cement Syria have agreed to plead guilty to one count of conspiring to provide material […]

19

Oct

Fidelity Bank redeems $400m Eurobonds

Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Bank has redeemed its $400 million Reg S/144a Senior Unsecured 5-year Notes due October 17, 2022. The Notes were successfully issued on October 17, 2017 through a combination of new issue and tender for the refinancing of the Bank’s $300 million Senior Unsecured[…]