Nigerian Exchange Limited commemorated the listing of Nova Merchant Bank Plc’s N10billion Bond with a digital Closing Gong ceremony.
The bond listed is the NOVAMBL Investments SPV Plc N10billion Series I, 7-year 12percent subordinate unsecured fixed rate bond due 2027 under the company’s N50billion Bond Issuance Programme.
Speaking at the ceremony, the Divisional Head, Listings Business, NGX Limited, Mr. Olumide Bolumole said, “We are delighted to commemorate the listing of Nova Merchant Bank’s debut listing of its N10Bn Bond which was oversubscribed by 300%. The success of the Bond is an indication of the level of investor confidence in the company’s reputation, brand and corporate performance. The company’s growth potential is so evident that Nova Merchant Bank emerged as the winner of the Bond Offering of the Year at Business Day and Other Financial Institutions (BAIF) Awards. It is our delight to see issuers such as Nova Merchant Bank take full advantage of the NGX�
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