Fidelity Bank’s N41.21bn bond lands on FMDQ

Fidelity Bank’s N41.21bn bond lands on FMDQ

FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1 N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100 billion Bond Issuance Programme to its platform.

While FMDQ made the development to the investing public, Fidelity itself advanced a corporate disclosure at the Nigerian Stock Exchange (NSE) on Monday confirmed the bond listing. The filling was signed by Ezinwa Unuigboje, company secretary.

Speaking on the development, Mrs. Nneka Onyeali-Ikpe, the managing director/chief executive officer, Fidelity Bank Plc, said: “This is a landmark bond issuance. It is by far the largest local bond transaction by any commercial bank in Nigeria, thus validating the continued investor confidence in our well-experienced management team.”

She said that by registering and listing the bonds on FMDQ Securities Exchange Limited, Fidelity Bank has provided its bondholders a robust and transparent platform that will improve the liquidity and visibility of their investments.

Commenting on the transaction, Efe Akhigbe, the Co-CEO, Planet Capital Limited, said Planet Capital is pleased to sponsor the listing of the Bond, having led and collaborated with a club of investment banking firms that advised on this Transaction.