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NSE Delists Fidelity Bank Plc’s N30 billion Bond

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Fidelity Bank Plc’s N30 billion 7 year Subordinated Unsecured Bonds has been delisted from the Nigerian Stock Exchange due to early redemption of the debt instrument.

The 16.48% fixed-rate bonds were previously scheduled to be due in 2022. However, the bank opted for an early redemption hence, the subsequent delisting of the bonds from the exchange.

The effective date of the delisting is 18 November 2020.

According to the circular sent to dealing members, 30,000,000 units of the 16.48% fixed-rate bonds were delisted, following a no-objection from the Central Bank of Nigeria.

At the close of trading on Wednesday, Fidelity bank Plc equity rose by 6.74% to close at N2.85 per share. YTD the share price is up by 39.02%.

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