Fidelity Bank Plc Up to N75bn Series 1 Bond Issuance Now Open

Proshare

Monday, December 07, 2020 / 3:23 PM / By Arthur Stevens Asset Mgt / Header Image Credit: Fidelity Bank  

 

We are pleased to inform you that the Fidelity Bank PLC ("Fidelity" or "the Bank" or "the Issuer") up to NGN75,000,000,000 Series 1, 10 Year Fixed Rate Unsecured Subordinated Bond under the Bank's NGN 100,000,000,000 Bond Issuance Programme is now open. The offer opens today, Monday, December 7, 2020, and is scheduled to close on Monday, December 14, 2020.

 

Fidelity Bank Plc ("Fidelity Bank" or "the Bank") is a top tier-2 Bank contributing to the economic and social development of Nigeria, having carved a niche in financing the all-important small and medium scale enterprises (SMEs) space with the attendant positive impact on entrepreneurship, and employment amongst others. The Bank has evolved over the years to become a valuable brand with a notable presence in the Nigeria banking.

 

industry, a good geographical spread across the Country, and reporting strong financial performance superior to its peers in the tier-2 category. The Bank’s financial statement as of September 2020 shows PBT stood at NGN21.3bn, total assets rose to NGN2,575.2bn compared to the NGN2,114.0bn recorded in FY2019. Total Equity increased to NGN262.2bn 9M 2020 from NGN234.0bn recorded in FY2019.

 

Proceeds from the Series 1 Bonds will be utilized in supporting the Bank's Small and Medium Scale Enterprises (SME) and the Retail Banking Businesses as well as its Information and Technology Infrastructure.

 

The summary of the offer is presented above:

Proshare Nigeria Pvt. Ltd.

 

We look forward to your participation in the Fidelity Bank Plc up to N75 Billion Series 1 Bond Issuance.

 

For further information; kindly send a request via info@arthursteven.com


Proshare Nigeria Pvt. Ltd.


Related to Fidelity Bank Plc

  1. FIDELITYBK Notifies of Dealing in 5m Volume of Shares by Mrs. Nneka Onyeali-Ikpe
  2. FIDELITYBK Notifies of Dealing in 1m Volume of Shares by Mr. Kenneth Opara
  3. Fidelity Bank Year-To-Date September 2020 Result: Stable Earnings Amidst A Pandemic
  4. Fidelity Bank Q3 2020 Results Review: On Track to Deliver 16% ROAE in 2020E
  5. FIDELITYBK Declares N20.4bn PAT in Q3 2020 Unaudited Results, (SP:N2.51k)
  6. Banks in H1 2020: Deconstructing Banks' H1 2020 Individual Performances - Fidelity Bank
  7. Fitch Affirms Fidelity Bank at 'B-'; off Rating Watch Negative; Outlook Stable
  8. FIDELITYBK Appoints Engr. Henry Ikem and Dr. Kenneth Opara as Directors
  9. FIDELITYBK Notifies of Dealing in 0.07m Volume of Shares By Mr. Mustafa Chike-Obi
  10. Key Takeaways from Fidelity Bank H12020 Investors Conference Call


Proshare Nigeria Pvt. Ltd.


Related News

  1. NT-Bills Secondary Market Sustains Bearish Run as Average Yield Remains Unchanged at 0.1% WoW
  2. December 2020 FGN Savings Bonds Offer for Subscription
  3. Edo State Government - River Jamieson SPV Ltd's up to N25bn Series 1 Bond Issuance is Coming Soon
  4. Yields Retreated As Fixed Income Markets Reacts To CBN's Special Bills
  5. CBN To Securitize Excess Cash Reserve Requirement Balances for Local Banks As Special Bills
  6. CBN Looks to Improve Retail FX Liquidity in The Parallel Market Through a Series of Directives
  7. Anchoria Fixed Income Monitor: Interbank System Awash With Liquidity
  8. Investors' Sentiment Remain Weak in the NT-Bills Secondary Market as Average Yield Closes Flat
  9. FX Rates Remain Under Pressure As CBN Devalues Rates At Its Official Window
  10. 364-Day T-bill at 0.15% Yield: How Low Can It Get?

 

 Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP