Bond – Page 2 – City Business News

April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. Feedback will inform IOSCO’s ongoing review of the sector...

April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond

By Moses Ebosele, ebosele@hotmail.com — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...

January 21, 2022 No Responses

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...

December 21, 2021 No Responses

Lagos Signs N137.3b Bond Issuance For Key Infrastructural Projects

The Lagos State Government on Monday signed the issuance of N137.3 billion bond, aimed at executing key infrastructural projects in the state. Speaking during the signing ceremony in Ikeja, Lagos State Governor, Mr Babajide Sanwo-Olu, said that the conclusion ...

November 17, 2021 No Responses

Ardova Completes N25.3b Series 1 Bond

Ardova Plc (AP) has successfully completed the N25.3billion Series 1 Fixed Rate Senior Unsecured Bond issue under its N60 billion debt issuance programme. Chief Executive Officer of AP, Mr Olumide Adeosun,in a statement on Wednesday explained that the ...

November 4, 2021 No Responses

MTN Nigeria Completes N200b Bond Issuance

MTN Nigeria Communications Plc has successfully completed the issuance of its N89.99 billion Series II 10-Year 12.75 percent Fixed Rate Bonds due 2031. In a notice to the Nigerian Exchange (NGX) on Thursday, MTN Nigeria explained that the issuance was...

October 8, 2021 No Responses

MTN Nigeria Secures Approval For N89.9b Bond

By ebosele@hotmail.com — MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission (SEC) to launch Series II 10-Year Fixed Rate Bond. A notice issued by Uto Ukpanah, MTN Ni...

June 17, 2021 No Responses

Dangote Cement Issues N50b Bond

By citybusinessnews@yahoo.com — Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. Chief Executive Officer, Dangote Ce...

May 23, 2021 No Responses

Me Cure Industries Lists N3b Bond On NGX

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021. The debut listing was the ₦3 billion 5...

April 14, 2021 No Responses

BUA Cement To Sustain Competitiveness With N115b Bond Issuance

BUA Cement Plc has pledged to sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme. The Chief Executive Officer, BUA Cement, Yusuf Binji, made the di...

February 15, 2021 No Responses

Fidelity Bank Issues N41.2b Tier II Local Bonds

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. In a statement on Sunday, Fidelity Bank Chairman, Mr Mustapha Chike-Obi, explained that the bond issuance...

August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...

August 2, 2020 No Responses

Oyo Defends N100b Bond

Oyo State Deputy Governor, Alhaji Rauf Olaniyan, on Saturday said the state government’s decision to finance developmental projects through borrowings was in order. Speaking during an interactive session with Journalists in Ibadan, Olaniyan explained that su...

July 26, 2020 No Responses

APC Group Tackles Makinde Over N100b Bond

The Progressives Front (PF), a group within the All Progressives Congress (APC) on Saturday alleged that the proposed Oyo State N100 billion bond is “inimical to the state’s development“. The group, in a statement jointly signed by its Chairm...