Bond Archives — Page 2 of 3 — City Business News

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...

October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond. In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...

August 6, 2019 No Responses

Nigeria Begins Sale Of 2, 3 Year Savings Bonds

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said.According to the offer circular obtained from the DMO...

May 22, 2019 No Responses

CBN To Restrict Banks Access To Bonds, Treasury Bills

The Central Bank of Nigeria (CBN) is to restrict Banks access to government securities. Speaking at the end of the Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor, Godwin Emefiele explained that MPC also directed CBN to initiate....

March 22, 2019 No Responses

CBN Explains $6b Investments In Nigeria’s Bond Market

As Nigerians await the outcome of the supplementary polls in some states, the successful conduct of the general elections is generating positive investments, with the inflow of over $6 billion into the local bond market. Central Bank of Nigeria (CBN)...

March 20, 2019 No Responses

Nigeria To Auction N100b Bonds

The Federal Government of Nigeria will auction by subscription N100 billion worth of bonds on March 27, 2019. The Debt Management Office (DMO) in a circular on its website on Tuesday explained that the five-year re-opening bonds of N40 billion...