Category: Bond Market

The Bond Market, The OTC Exchange and FMDQ Honours Outgoing DG, DMO

L-R: Bola Onadele. Koko, Managing Director/CEO, FMDQ OTC Securities Exchange (FMDQ); Dr. Mrs. Obioma Nwankwo, Wife of Outgoing Director-General of the Debt Management Office (DMO); Dr. Abraham Nwankwo, Outgoing Director-General of DMO & Guest of Honour; Ms. Patience Oniha, Incoming Director-General of DMO; Jibril Aku, Vice-Chairman, FMDQ; and Frank Aigbogun, Publisher/CEO, BusinessDay Media Limited; during…

MULTIPLE SUBSCRIPTIONS TO PUBLIC OFFERS

Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. The Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) has approved the report of a market wide committee on formulating a uniform position for the treatment of multiple subscriptions to public offers.  According…

UBA’S DEBUT $500M EUROBOND OVERSUBSCRIBED By 240%

……. FURTHER VALIDATION OF UBA’S PAN-AFRICAN GROWTH STRATEGY The Group Managing Director/CEO of UBA Plc, Kennedy Uzoka Advertisement  United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering…