Finance & EconomyNews

FCMB Group Plc Plans to Issue up to N30bn Series I Additional Tier 1 Bond Under its N300bn Debt Issuance Programme

FCMB Group Plc (“FCMB Group”) has completed the registration of its N300 billion Debt Issuance Programme with the Securities and Exchange Commission (“the Commission”) and received the Commission’s approval to launch the Series I up to N30 Billion Perpetual Fixed Rate Resettable NC5.25 Additional Tier 1 Bond (“the Issuance” or “Series I Bond”) thereunder. 

The Issuance represents the first non-sharia local currency AT1 instrument to be issued in Nigeria and has received CBN’s no-objection. 

FCMB Group will commence the book build in respect of the Series I Bond on January 24, 2023.

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