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Providus Bank Issues N50bn Commercial Paper to Investors - InsideBusiness - Business News in Nigeria
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Providus Bank Issues N50bn Commercial Paper to Investors - InsideBusiness - Business News in Nigeria
Providus Bank Limited has issued a N50 billion commercial paper for subscription, offering investors two short-term tenors with attractive discount rates ranging from 20.2528 to 21.4533 per cent, the offer document has shown. The offer comprises Series 1 and 2 notes under the bank’s N100 billion commercial paper programme registered with the Securities and Exchange Commission (SEC). The subscription window for the issuance is scheduled to close …
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