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    MarketForces Africa » MarketForces News » FCMB to Raise N30 Billion from Debt Market

    FCMB to Raise N30 Billion from Debt Market

    Olu AnisereBy Olu AnisereJanuary 25, 2023Updated:January 25, 2023 News No Comments1 Min Read
    FCMB to Raise N30 Billion from Debt Market
    FCMB
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    FCMB to Raise N30 Billion from Debt Market

    FCMB Plc has announced a plan to raise about N30 billion from the local debt capital market, the group said in a regulatory filing submitted to the Nigerian Exchange.

    According to the statement, book building for the issuance has commenced. It noted that the amount which the group plans to raise is part of its N300 billion debt issuance programme.

    Management hints that registration of the bond issuance programmes has been duly completed; with no objection.  

    “FCMB Group has completed the registration of its N300 billion Debt Issuance Programme with the Securities and Exchange Commission and received the Commission’s approval to launch the Series I up to N30 Billion perpetual fixed rate Resettable NC5.25 Additional Tier 1 Bond”

    It said the Issuance represents the first non-sharia local currency AT1 instrument to be issued in Nigeria. FCMB Group has however commenced the book build in respect of the Series I Bond on January 24, 2023.# FCMB to Raise N30 Billion from Debt Market

    >>>Naira Depreciates to N462 at Investors, Exporters FX Window

    FCMB
    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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