Fidelity Bank opts for early redemption of its 7 year N30bn bond

The Nigerian Stock Exchange has notified the investing public of the delisting of Fidelity Bank Plc’s N30 billion 16.48% Fixed Rate 7 Year Subordinated Unsecured Bonds due in 2022.

The delisting becomes imperative as the Bond Issuer opted for early redemption of the Bonds in November 2020 having obtained the Central Bank of Nigeria’s (CBN) “No Objection” to early redemption of the Bond.

Dealing Members are hereby notified that the Exchange has delisted 30,000,000 Units of the Fidelity Bank Plc’s N30 Billion 16.48% Fixed Rate Seven (7) Year Subordinated Unsecured Bonds Due 2020 from its daily official list effective, 18 November 2020.

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