FCMB Group PLC Lists Its Pioneer Bond Of ₦20.69 Billion On FMDQ Exchange
As a Securities Exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the economy at large...
Source: bizwatchnigeria.ng
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Nigerian Companies Face Higher Borrowing Costs as Yields Rebound
Nigerian companies are paying more to borrow in capital markets, signaling an end to the era of low rates which many issuers took advantage of to refinance higher-cost debt. Firms including MTN Nigeria and Nigerian Breweries have been forced to raise the rates offered on new debt issues due to “aggressive bids” by investors seeking higher yields, Stanbic IBTC Asset Management, said in a note to clients on Tuesday. MTN Nigeria issued 270-day commercial paper at 8%, though the indicative rate was 6%, according to Stanbic. “Corporates such as Nigerian Breweries, Dufil Prima, Coronation and...
Source: naija247news.com