Mainstreet Bank to receive inflow of 121,375,422 units of AMCON series V Bonds

Monday, October 13, 2014 4.53PM / News

Further to the acquisition of Mainstreet Bank by Skye Bank Plc, it would interest investors to know that the bank would be receiving holdings of 121,375,422 units of the AMCON Series V Bonds (redeemed at par) by the end of this month.

Information available to Proshare reveals that further to the Asset Management Corporation of Nigeria (AMCON) Bond Issuance Programme under which Mainstreet subscribed to AMCON series V Bonds and specifically pursuant to Condition 11 of the Amended and Restated Programme Trust Deed, AMCON would redeem the Bonds which are due to mature on October 31, 2014 accordingly.

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