Fidelity Bank Plc on Monday announced the listing of a Series 1 N41.21 billion Fixed Rate Subordinated Unsecured Bond under its N100 billion Bond Issuance Programme.
The bank in a statement by Ezinwa Unuigboje, Company Secretary said the bond announcement follows the listing on Friday by FMDQ Securities Exchange Limited (FMDQ Exchange).
According to Fidelity Bank, the Subordinated Unsecured fixed rate bond is on a 10- year at 8.5 percent would be under its N100.00 billion debt Issuance Programme due in 2031.
The statement read, “This is to inform the Nigerian Stock Exchange (NSE) and the general public that Fidelity Bank Plc N41. 213, 000,000 10 years 8.5 percent Subordinated Unsecured Fixed Rate Series 1 Bond due 2031
under its N100.00 billion debt Issuance Programme was listed on the FMDQ Securities Exchange.”
Meanwhile, in what appears as a positive response by investors to the bond listing, the shares and market capitalisation of Fidelity Bank plc rose by 3.91 percent during Monday’s trading session on the floor of the Nigerian Stock Exchange (NSE).
The lender’s market capitalisation, which represents its equity on the Nigerian Bourse climbed to N69.249 billion up from N66.642 billion. In effect, the Bank gained N2.61 billion, representing a surge of 3.91 percent.
Its share price also jumped to N2. 39 Kobo per share, up from N2. 30 Kobo per share, whiles its outstanding shares stand at
28,974,797,023.
Comments are closed.