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)

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