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)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]