Zenith Bank Redeemed US$500m Eurobond due April 22, 2019

Must Read

Jumia in trouble over Fraud in Affiliate Scheme, JForce

E-commerce company, Jumia is currently enmeshed in a case of internal fraud involving its affiliate marketing programme, otherwise known...

UBA Board Proposes Interim Dividend, Okays H1 2019 Results

The Board of United Bank for Africa Plc, at its meeting of Thursday, August 22, 2019, considered and approved...

Innoson motors price list: cheap cars in Nigeria

Millions of Nigerians cannot allow buying a new car because it is too expensive. However, the biggest Nigerian car...
- Advertisement -
- Advertisement -

Zenith Bank Plc (Bloomberg: ZENITHBA NL) (“Zenith” or the “Bank’’) has announced the redemption of its matured US $500 million Eurobond due April 22, 2019. These Notes were issued on April 22, 2014, with a 5 year tenor at a coupon of 6.250%, under the Bank’s US $1 billion Global Medium Term Note Program.

The Bank, leveraging on its strong and highly liquid balance sheet as well as its outstanding treasury management capability completely redeemed the note using the Bank’s available cash reserves.

Over the years, the Bank has continued to maintain its deep understanding of the market to sustain its consistent operational metrics of strong liquidity, capital and asset quality ratios which reflects the Bank’s robust risk management practices, strong corporate governance culture and a well-articulated corporate strategy.

Read:  External Reserve: Across the US$40bn Threshold, and Counting

The outstanding balance of US $500million of the US $1 billion Global Medium Term Note was issued in May 2017 and will mature in May 2022.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Facebook Celebrates ‘Icons Of Change’ From Across Sub-Saharan Africa With A Youth Gathering In Accra, Ghana

Facebook is bringing together 40 young leaders, developers, entrepreneurs and change-makers from across Sub-Saharan Africa, to a two-day event...

Devastation Is The Major Threat To Telecom Growth In Nigeria – NCC

The Nigerian Communications Commission (NCC), has known the destruction of telecom infrastructure as the biggest intimidation to the growth of the telecommunication industry in...

Quickteller Chooose Winners To Make An Appearance At Interswitch One Africa Music Fest in London

Quickteller, a leading digital consumer payments platform in Nigeria, is set to take another set of winners on an all-expense-paid trip to the London...

MAGODO RESIDENTS APPLAUDS IKEJA ELECTRIC OVER IMPROVED POWER

Residents of Magodo Estate have acclaimed Ikeja Electric Plc (IE) for rendering constant electricity to customers within the Estate following the signing of the...

More Articles Like This