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