Fidelity Bank Redeems $400 Million Eurobond at Maturity
The bank said the repayment was funded by internally generated liquidity after it completed recapitalization and met every scheduled coupon payment.
- On Wednesday, October 28, 2026, Fidelity Bank Plc successfully redeemed its $400 million Senior Unsecured Notes at maturity, reaffirming its commitment to meeting obligations to investors.
- Issued on Oct 28, 2021, the 5-year Eurobond carried an annual coupon of 7.625 per cent, payable semi-annually, marking the Bank's third issuance following transactions in 2013 and 2017.
- Through a dedicated sinking fund, the Bank progressively provided for the maturing obligation from internally generated liquidity, fulfilling its final repayment obligation in full, covering both principal and accrued interest.
- Managing Director Nneka Onyeali-Ikpe stated the successful redemption reflects the Bank's disciplined approach to financial management and reinforces its track record in international debt capital markets.
- The Bank's capital-raising efforts increased its eligible regulatory capital to approximately N533 billion, exceeding the N500 billion minimum requirement for banks with international authorisation, supporting strategic growth objectives.
13 Articles
13 Articles
Fidelity Bank Plc redeems US$400 million Eurobond at maturity
Fidelity Bank Plc has successfully redeemed its 5-Year US$400 million Senior Unsecured Notes at maturity, reaffirming its commitment to meeting its obligations to investors and reinforcing its track record in the international debt capital markets. Issued on 28 October 2021, the 5-year Eurobond matured on 28 October 2026 and carried an annual coupon of 7.625 […]
Fidelity Bank Redeems 5-Year $400m Eurobond
By Aduragbemi Omiyale The 5-year $400 million senior unsecured Eurobond issued by Fidelity Bank Plc in 2021 has been redeemed after it matured. Bondholders received their bullet repayment on Wednesday, October 28, 2026, with the lender meeting all scheduled coupon payments throughout the life of the debt instrument. The redemption further strengthens Fidelity Bank’s record […]
FIDELITY BANK PLC Redeem US$400 Million EUROBOND At Maturity
Yemisi Izuora Fidelity Bank Plc has successfully redeemed its 5-Year US$400 million Senior Unsecured Notes at maturity, reaffirming its commitment to meeting its obligations to investors and reinforcing its track record in the international debt capital markets. Issued on 28 October 2021, the 5-year Eurobond matured on 28 October 2026 and carried an annual [...]
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