Ardova Plc to raise N22bn through bond issuance

Ardova Plc has announced plans to issue Series 1 Bonds worth up to N22 billion, as part of its N60 billion Bond Issuance Programme. The Bond is subdivided into Tranche A and Tranche B offerings with maturity periods of 7 and 10 years respectively.

In addition, bookbuild for the Series 1 Bonds is now open and is scheduled to close on Friday, 15th of October 2021.

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