Business

Nigeria’s First Bank redeems $300 million Eurobond before maturity

Isaac UmunnaComment(0)

Nigeria’s First Bank said on Tuesday it has redeemed a $300 million Eurobond before maturity and has paid all bondholders.

The top tier lender said it doesn’t plan to reissue another bond in the near term following the redemption, adding that it has ample liquidity to meet its foreign and local currency funding needs. Reuters

Isaac Umunna

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