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Fidelity Bank’s N41.21Bn 10-Year Tier II Bond Oversubscribed – Chike-Obi

Fidelity Bank Plc has issued a 10-year N41.21 billion fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due by year 2031. A statement on the bond by the management indicated that the bank’s Chairman, Mr. Mustapha Chike-Obi, disclosed that the bond issuance was over-subscribed by investors, with total investor interest and commitments […]