FCMB to raise N30bn via bond issuance

FCMB Group Plc has notified the investing public that it has completed the registration of its N300 billion Debt Issuance Programme with the Securities and Exchange Commission and received the Commission’s approval to launch the Series I up to N30 Billion Perpetual Fixed Rate Resettable NC5.25 Additional Tier 1 Bond thereunder.
The Issuance represents the first non-sharia local currency AT1 instrument to be issued in Nigeria and has received CBN’s no-objection.
FCMB Group will commence the book build in respect of the Series I Bond on January 24, 2023.

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