Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Ibadan Discourse Group kicks off talks on national heroes

    APC National Chairman, Abdullahi Ganduje, resigns

    Over 40 partners align with UN, Sterling One Foundation for Africa’s policy reset

    Renaming Ibadan Poly will erase its historical significance, ex-students write Makinde

    Makinde renames Ibadan Polytechnic after Olunloyo

    Fidelity Bank promotes 12% workforce, effects 20% salary increase across board

    Oyo will explore tourism development for state economy expansion –Makinde

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Ibadan Discourse Group kicks off talks on national heroes

    APC National Chairman, Abdullahi Ganduje, resigns

    Over 40 partners align with UN, Sterling One Foundation for Africa’s policy reset

    Renaming Ibadan Poly will erase its historical significance, ex-students write Makinde

    Makinde renames Ibadan Polytechnic after Olunloyo

    Fidelity Bank promotes 12% workforce, effects 20% salary increase across board

    Oyo will explore tourism development for state economy expansion –Makinde

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home Business

Fidelity Bank Redeems $400M Eurobond Note

The News Bearer by The News Bearer
October 18, 2022
in Business, Featured
Reading Time: 2 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

Fidelity Bank Plc has announced the redemption of the $400 million Eurobond Notes.

On October 17, 2017, the bank successfully issued a US$400 million 5-year Eurobond. The transaction also included a Tender Offer (the “Tender Offer” or “Offer”) for the refinancing of the Bank’s US300million Senior Unsecured Notes issued in May 2018. The transaction was the largest combined new issue and liability management offering ever by a Nigerian issuer and was well received by analysts and investors.

The transaction, which was managed by Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited, achieved an oversubscribed order book of $630million. Upon final maturity of the Eurobond, noteholders received a total of US$421 million covering the principal amount and the accrued 6 months coupon in line with the executed Trust Deeds.

According to the Bank’s MD/CEO; Nneka Onyeali-Ikpe, “the liquidation of the notes despite the strong headwinds in the domestic economy – especially when viewed against the backdrop of short dollar supply, is a testament to the strong liquidity position of the bank and the resilience of our balance sheet”.

Fidelity Bank is one of the leading financial institutions in Nigeria. According to its interim audited result for the mid-year 2022, the Bank reported strong financial ratios with a capital base of N3.7trillion, PBT of N25bn and a return on equity (ROE) of 15.4% evidencing the efficient management of the bank’s assets.

In recognition of its commitment to product innovation and strong corporate governance, the Bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank also won the 2022 Platinum Award of the Development Bank of Nigeria for its leading role in disbursing loans to focused sectors. In addition, it was recognized as the 2021“Fastest Growing Bank” in Nigeria and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

SendShareTweet
The News Bearer

The News Bearer

Related Posts

Featured

APC National Chairman, Abdullahi Ganduje, resigns

June 27, 2025
Business

Fidelity Bank promotes 12% workforce, effects 20% salary increase across board

June 26, 2025
Business

Embrace lifelong learning, collaboration for career success, Fidelity MD, Onyeali-Ikpe, charges women

June 22, 2025
Featured

US bombs Iran’s nuclear sites

June 22, 2025
Featured

Police bust fake kidnapping gang, rescue four-year old victim, arrest seven fraudsters, recover counterfeit $46,100

June 21, 2025
Business

CBN circular on forbearance loans: Fidelity Bank assures on compliance with regulatory policies

June 18, 2025
Load More

Recommended

NDLEA nabs Brazilian returnee with cocaine in private part, seizes London-bound Meth consignments

3 years ago

Kidnapping: Oyo Deploys Security Operatives To Ipapo/Iseyin

3 years ago

Don't Miss

Ibadan Discourse Group kicks off talks on national heroes

June 28, 2025

APC National Chairman, Abdullahi Ganduje, resigns

June 27, 2025

Over 40 partners align with UN, Sterling One Foundation for Africa’s policy reset

June 27, 2025

Renaming Ibadan Poly will erase its historical significance, ex-students write Makinde

June 27, 2025
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

Ibadan Discourse Group kicks off talks on national heroes

June 28, 2025

APC National Chairman, Abdullahi Ganduje, resigns

June 27, 2025

Categories

  • Business
  • Celebrities
  • Crime
  • Education
  • Featured
  • Features
  • Health
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Sports
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Bishop Francis Wale Oke Cancer condolence message courtesy visit Delta State Police Command Diabetes Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Nneka Onyeali-Ikpe Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce Men's Health murder Nigeria Police Force Ogun State Police Command OlaOluwa Mimiola opinion article Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Public Relations Officer Police Service Commission PPRO Pregnancy President Bola Ahmed Tinubu Skin Care Sulaiman Aledeh Sulaimon Olanrewaju Taskforce Chairman Adetayo Akerele Thenewsbearer University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.