First Bank announces senior unsecured note issuance with 5-year maturity

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FBN Holdings Plc on Tuesday notified the Nigerian Stock Exchange (NSE) that its largest subsidiary, First Bank of Nigeria Ltd has mandated Citigroup Global Markets Limited, Renaissance Capital and Standard Chartered Bank as joint Bookrunners to arrange a global investor call in addition to a series of individual and small group investor meetings commencing on Tuesday.

The notification signed by Seye Kosoko, Company Secretary said “A USD 144A/RegS Senior unsecured transaction with a 5-year maturity will follow, subject to market conditions.”