FCMB Notifies of Issuance of Commercial Paper

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Friday, December 11, 2020 / 4:35 PM / NSE / Header Image Credit: FCMB


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


The CP has a tenor of 260 days with the aim of raising up to N30 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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