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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. ....
ADVERTISEMENT 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. 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. ....
FMDQ Exchange lists BUA Cement's N115bn bond - Punch Newspapers punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The Greatest Short Squeeze Ever Occurred in 1922 Posted January 28, 2021 Right now, financial and social media are focused on the drama playing out on Wall Street. There’s a war going on between online “social justice warrior” day traders and professional hedge fund managers over GameStop stock. Before this year, GameStop was best known for being a retailer next to Auntie Anne’s in dying malls. It has a simple business model: Buy and sell video games. However, with the advent of online gaming, GameStop has seen its sales decline year over year and quite precipitously. In 2018, GameStop’s revenues were $9.2 billion. By the end of 2020, sales were $6.5 billion. ....