Coronation Merchant Bank Funding SPV Plc has listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited.
The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation Mb Funding SPV Plc’s One Hundred Billion Naira (N100Bn) bond issuance program.
The bond was listed on NGX on Wednesday. According to NGX it has supported Federal Government and corporates to raise over N4.7Trillion from the capital market via the fixed income segment in the first half of 2021.
“It is the Exchange’s delight to see issuers take full advantage of our products and services to support their growth story,” Divisional Head, Listings Business, NGX, Mr. Olumide Bolumole stated.
Issuers that listed on NGX in first half of 2021 include; NOVAMBL Investments SPV Plc, Federal Government of Nigeria, Mecure Industries Funding SPV Plc, CardinalStone Financing SPV Plc, Fidelity Bank Plc, FBNQuest Merchant Bank SPV Funding Plc, BUA Cement Plc, Etranzact International Plc, Kogi State Government, TSL SPV Plc, Lagos State Government and Flour Mills of Nigeria Plc.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.