FCMB Suspends Issuance of Commercial Papers

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Tuesday, December 15, 2020 / 12:08 PM / NSE / Header Image Credit: FCMB


FCMB Group Plc ("FCMB") hereby notifies its esteemed shareholders that the proposed Commercial Paper Issuance ("CP") by one of its subsidiaries, First City Monument Bank Limited (the "Bank") has been suspended.


This is as a result of the Nigerian Treasury Bills auction of Wednesday, 9 December 2020, which distorted price discovery.


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