FIDELITYBK Announces Result of Offer for Subscription of its N41bn Bonds Due 2031

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Wednesday, February 17, 2021 / 2:04PM / NSE / Header Image Credit: Fidelity Bank


This is to inform the general public that Fidelity Bank Plc has concluded the issuance of the Offer for Subscription of N41,213,000,000 8.5% Fixed Rate Unsecured Subordinated Bonds due 2031. The result of the Offer is as detailed below:

  • A total of 107 Commitment Forms for 56,593,000 units were received in connection with the Offer.
  • 78 Commitment Forms for 41,213,000 units within the clearing price of 8.5% were accepted.
  • The 78 Commitment Forms for 41,213,000 units were valid under the terms of the Offer.
  • The Offer is therefore 100% subscribed.


Arising from the above, the Basis of Allotment of the Offer is therefore as follows:


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The Securities and Exchange Commission has cleared the Basis of Allotment stated above as well as this announcement.


The allotment of the Bonds will be effected by way of e-allotment to successful allotees. The Registrars, First Registrars & Investor Services Limited, 2, Abebe Village. Iganmu, Lagos, will credit the respective Central Securities Clearing System (CSCS) accounts of successful allotees with the allotted bonds.


This announcement appears as a matter of record only.


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