CardinalStone Commemorates Debut Listing Of N5Bn Bond On NGX

CardinalStone Commemorates Debut Listing Of N5Bn Bond On NGX
Date
20/05/2021
CardinalStone Partners Limited took to the platform of Nigerian Exchange (NGX) Limited to commemorate the listing of its N5Billion bond with a digital Closing Gong Ceremony on Thursday, 20 May 2021. The debut listing was the CardinalStone Financing SPV Plc’s ₦5bn, 5-Year Series 1 bonds under the company’s ₦10 Billion debt issuance programme.
Speaking at the ceremony, the Divisional Head, Listings Business, NGX Limited, Mr. Olumide Bolumole stated, “At NGX Limited, we continue to provide issuers with a platform that allows them meet their strategic business objectives and it is our delight to see issuers take full advantage of our products and services to support their growth story. We are, therefore, excited about the successful listing of the CardinalStone Financing SPV Plc’s ₦5bn Series I Bond on the NGX Platform as it creates an avenue for price discovery and liquidity for existing and new investors. The full subscription of the listing recorded demonstrates investors’ confidence in CardinalStone which now better positions the company to sustain its impressive growth in the coming years.”

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