Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Bank has redeemed its $400 million Reg S/144a Senior Unsecured 5-year Notes due October 17, 2022.
The Notes were successfully issued on October 17, 2017 through a combination of new issue and tender for the refinancing of the Bank’s $300 million Senior Unsecured Notes issued in May 2018.
The notes were redeemed on October 17, 2022. Noteholders received a total of $421 million, covering the principal amount and the accrued 6 months coupon in line with the executed Trust Deeds.