Wednesday, April 14African Business News
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Tag: Babatunde Obaniyi

Financial service provider raises N10 billion bond issuance

Financial service provider raises N10 billion bond issuance

Business
Aligning with its organisational objectives for Year 2020, United Capital Plc said it has successfully raised the sum of N10billion in its Series 1 bond issuance under a N30-billion medium-term debt programme registered with the Securities and Exchange Commission (SEC). The bond issuance, which opened on May 4, and closed on May 15, was oversubscribed in investor commitments by 24 per cent making firm the first non-bank issuing house to issue a corporate bond in the history of the Nigerian capital market. According to Group Chief Executive Officer, United Capital Plc, Peter Ashade, “the bond issuance, which signifies the first by any investment bank in the history of the Nigerian capital market, solidifies our performance track record as a formidable ally in the investment banking in...