Honeywell Flour Mills gives notice of bond issuance

By Kayode Tokede

Honeywell Flour Mills Plc has notified the Nigerian Stock Exchange (NSE) that at the extraordinary meeting of its board of directors on 16th March 2021 approved the initiation of a commercial paper program and a Medium-Term note program for the purpose of refinancing/restructuring of the company’s debt profile.

The notification at the NSE on Thursday signed by Yewande Giwa, Company Secretary did not indicate the amount the company would like to raise.