Fidelity Bank issues N41.21bn bond

Fidelity Bank issues N41.21bn bond

Fidelity Bank issues N41.21bn bond     Fidelity Bank Plc says it has successfully issued 10-year N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 per cent coupon rate due in 2031. It disclosed this in a statement titled ‘Fidelity Bank Plc successfully issued the largest ticket Tier II local bonds in Nigeria’. The bank stated, “The bond issuance, which was fully subscribed, given that total investor interest and commitments in the bonds were N56.6 billion, adds to the impressive portfolio of landmark transactions structured by the bank,…

Read more

Fidelity Bank reports 33% HY’20 profit growth

Fidelity Bank Plc has posted a 33.01 per cent increase in profit after tax for the half year ended June 30, 2020. The bank’s interim statement of profit or loss and other comprehensive income for the period ended June 30, 2020 showed profit after tax of N11.303 billion as against N8.498 billion recorded in 2019, representing a growth of 33.01 per cent. Profit before tax stood at N11.963 billion from N9.812 billion recorded in2019, accounting for 21.92 per cent increase. Gross earnings for the period increased by 2.03 per cent…

Read more