FCMB Announces Issuance of Commercial Paper of up to N20bn by First City Monument Bank Limited


Tuesday, March 10, 2020 / 04:45 PM / NSE / Header Image Credit: FCMB

FCMB Group Plc ("FCMB") hereby notifies the Nigerian Stock Exchange ("NSE") and its esteemed shareholders that one of its subsidiaries, First City Monument Bank Limited (the Bank) is undertaking its inaugural Commercial Paper Issuance ("CP") under its N100 billion-naira CP programme.

The CP has a tenor of 269 days with the aim of raising up to N20 billion to support the Bank’s short-term funding needs.

The CP serves as an additional funding source for the Bank.

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