Fidelity Bank to launch $500m Unsecured Notes

Fidelity Bank has notified the investing public that it is considering to raise capital from the international debt capital market through an unsecured note issuance. The proceeds are intended to be used for general corporate purposes including supporting its trade finance business.

The proposed aggregate offer size is $500 million due in 2026, which will when issued rank parri passu, without preference among themselves, with all other unsecured notes and unsubordinated obligations of the Bank.

The Bank intends to list the Notes on the Irish Stock Exchange with the expectation that the Notes will be traded on its regulated market. The Securities and Exchange Commission has confirmed that it has no objection to the transaction.

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