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 Notes issued in May 2018.

The notes were redeemed on October 17, 2022. Noteholders received a total of $421 million, covering the principal amount and the accrued 6 months coupon in line with the executed Trust Deeds.

Source: Fidelity Bank redeems $400m Eurobonds – StocksWatch (stocksng.com)

Your Comment:

Related Posts

22

Mar
Market Update

Stock Market Review: March 22, 2023

The Nigerian equity market on Tuesday bounced back after sessions of losses with a marginal growth of 0.03%. The All Share Index and Market Capitalisation stands at 54,904.68 points and N29.91 trillion respectively. In a stock market review with Mr Gilbert Ayoola, a seasoned capital market expert, the following were discussed: Excerpts: The stock market on Tuesday[…]