Fidelity Bank offers to buy back $30m of debt, to issue new notes

Fidelity Bank offers to buy back $30m of debt, to issue new notes

Nigeria’s Fidelity Bank Plc has offered to buy back $300 million of debt and intends to issue new notes, aiming to extend the maturity of its debt profile, it said on Thursday. The $300 million of debt, with an interest rate of 6.875 percent, is due to mature 9 May 2018, Fidelity said in a…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe

Related Posts