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

Fidelity bank bond

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:…

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Directors of Fidelity Bank set to x-ray 2020 financial report

Directors of Fidelity Bank set to x-ray 2020 financial report

Directors of Fidelity Bank set to x-ray 2020 financial report   Fidelity Bank Plc has announced plan by its board of directors to meet and consider the Bank’s Audited Financial Statements for the year ended December 31, 2020 before sending the document to the Central Bank of Nigeria (CBN) for regulatory approval. According to a Monday filing signed by Ezinwa Unigboje, the company secretary, at the Nigerian Stock Exchange (NSE), the lender explained that the bank will meet on Monday March 25, 2021 to consider and approve the result in…

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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,…

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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…

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