Thursday 8 July 2021

CORONATION MERCHANT BANK LISTS N25BN BOND ON NIGERIAN EXCHANGE

coronation merchant bank
The Nigerian Exchange Limited has announced that Coronation Merchant Bank Funding SPV Plc has listed Series 1 fixed-rate N25bn bond with a tenor of five years at 6.25 per cent. In a statement, the exchange made it known that the subordinated unsecured bond due by 2025 was listed under the company’s N100bn bond issuance program. The Nigerian Exchange said with the development, its support to the Federal Government and corporate organisations via fixed income segments in the first half of the year had surpassed N4.7tn.
 
“Issuers continue to express excitement and satisfaction over the ability to access capital from the market and list the securities on Nigerian Exchange to provide liquidity for investors, despite the prevailing weak macroeconomic conditions. Nigerian Exchange on its part has expressed and proven its commitment to providing issuers with a platform that allows them to raise capital to meet strategic business objectives even in the most difficult times,” the Nigerian Exchange said.
 
According to the Divisional Head, Listings Business, Nigerian Exchange, Olumide Bolumole, “It is the Exchange’s delight to see issuers take full advantage of our products and services to support their growth story.” 

Source: http://enews.africunia.tv/story/coronation-merchant-bank-lists-n25bn-bond-on-nigerian-exchange

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