By Itohan Abara-Laserian Lagos, Feb. 10, 2022 FMDQ Securities Exchange Ltd has approved the registration of the Providus Bank N100 billion Commercial Paper (CP) programme on its platform. This is contained in a statement made available to newsmen on Thursday in Lagos. It said that the registration was approved by its Board Listings and Markets…
TrustBanc Closes Third Tranche of N10 bn Debt Issue
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
TrustBanc Closes Second Tranche of N10bn Debt Issue
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Chinyere Joel-Nwokeoma
Lagos, May 24, 2021 FMDQ Securities Exchange Ltd has announced the admission for listing the BUA Cement Plc N115 billion series 1 fixed rate senior unsecured bond under its N200 billion bond issuance programme.
The issuance, the first by BUA Cement, becomes the largest corporate bond issued in the Nigerian Debt Capital Market (DCM).
The FMDQ said in a statement on Sunday in Lagos that the bond was approved by the board Listings and Markets Committee of the Exchange.
It said the proceeds from the issuance would be used to refinance existing debt obligations of the issuer, finance the issuer’s working capital as well as fund its debt service reserve account.