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

by | September 28, 2017 5:01 pm

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…

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