Lafarge Africa Plc Redeemed Its N26.4 Billion Series 1 Bond Due On June 15, 2019

Proshare

Wednesday, June 19, 2019 6:04PM / NSE / Header Image Credit: Lafarge Africa Plc


Lafarge Africa Plc announces the redemption of its matured N26.4 Billion Bond due on June 15, 2019.

The Company registered a N100 Billion Bond issuance programme in June 2016 out of which the sum of N60 Billion was issued in Series 1 and 2 of the programme. The matured Series 1 Bond was issued on June 10, 2016 with a 3 year tenor and at a fixed coupon of 14.25%. The Company leveraging on its performance, its recently concluded Rights Issue as well as Management strategic plans to systematically deleverage the Company has redeemed the Series 1 Bond from internally generated cashflow.

The outstanding Balance of N33.6 Billion represents Series 2 of the N100 billion Issuance programme at a fixed coupon rate of 14.75%, a 5 year tenor and matures for redemption in June 2021.

 

Proshare Nigeria Pvt. Ltd.


Related News

1.       Lafarge Africa Releases Q1 2019 and Q4 2018 Results; Declares N3.15bn PAT in Q1,(SP:N9.55k)

2.      NSE Identifies Lafarge, Conoil, 32 Others As Companies That Fell Short of Minimum Listing Standard

3.      Lafarge Africa Notifies of Further Delay in Filing of Its 2018 AFS

4.      WAPCO Announces Delay in Filing of the Company’s Q1 2019 Unaudited Financial Statements

5.      LAFARGE Notifies of the Resignation of Dr. Shamsuddeen Usman, CON,OFR from the Board of the Company

6.      Lafarge Africa Plc Notifies of Late Filing of 2018 Audited Financial Statements

7.      Lafarge Africa Plc Announces Rights Issue Result

8.     Lafarge Africa Board of Directors Approve Rights Issue Allotment Proposal For SEC Clearance

9.      WAPCO Declares N2.0bn Loss in Q1 2018 Result,(SP:N45.95k)

10. WAPCO Declares N937.91 million PAT in Q3 2017 Corporate Earnings for the Week Ending 210717 – WAPCO Declares N19.73bn PAT in Q2 2017 Result(SP:N56.00k)

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
READ MORE:
Related News
SCROLL TO TOP