FMDQ Admits N53.2bn Bonds of Fidelity Bank, TSL SPV
FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1 N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100.00billion Bond Issuance Programme to its platform. FMDQ also announced the approved the listing of the TSL SPV Plc N12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond under its N50.00 billion Bond Issuance Programme. According to the exchange, the significant listing will allow Fidelity Bank Plc fund key activities that would ultimately translate in the development of the Banking sector and the Nigerian economy at large. Speaking on the development, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, 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. 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.”
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