Author: Marketforces Africa

CardinalStone Lists N5 billion Bond on Nigerian Exchange CardinalStone Partners Ltd has urged corporates to leverage the bond opportunities on the Nigerian Exchange (NGX) to raise capital for business expansion. Mr. Micheal Nzewi, Group Managing Director, CardinalStone Partners Ltd., said this at the listing of its N5 billion bond with a digital closing gong ceremony organised by the NGX on Thursday in Lagos. The debut listing was the CardinalStone Financing SPV Plc.’s N5 billion, five-year series 1 bonds under the company’s N10 billion debt issuance programme. Nzewi who described the listing as a milestone said the company would work on…

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