Browsing: Nigeria

MeCure Industries Plc’s has opened its ₦6.5 billion series 12 commercial paper for subscription for interested investors at 23.3627% coupon rate, FSDH told investors via email. The working capital raised under the company’s ₦20 billion commercial paper is scheduled to close on Wednesday, June 19, 2024, according to transaction details.

Fitch Ratings has confirmed Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) of ‘B-‘ and its Viability Rating (VR) of ‘b-‘. Fitch has also confirmed Wema’s National Long-Term Rating as ‘BBB’ (nga) with a stable outlook.