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 â¦5bn, 5-Year Series 1 bonds under the company’s â¦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 â¦5bn Series I Bond on the NGX Platform as it creates an avenue for price discovery and liquidity fo
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ARDOVA Plc, a downstream oil sector player, gets a buy rating from equity analysts at CardinalStone Partners Limited after the companyâs recent strategic move into a full-fledged energy business.
As well, the decision to close an acquisition deal with Enyo in the second half of 2021 also swings analystsâ mood in a positive direction as there are indications that CardinalStone would bet largest on the ticker.
In its equity note on the ticker, analysts said they retained their buy recommendation as the investment firmâs medium to long term outlook for ARDOVA remains positive.
CardinalStone Partners Limited has announced the listing of the CardinalStone Financing SPV Plc N5 billion series one bond on FMDQ Securities Exchange Limited.