FirstBank Redeems $350m Eurobond, Demonstrates Strong Liability Management

First Bank of Nigeria Limited (FirstBank) has successfully redeemed its $350 million Eurobond upon maturity, demonstrating effective assets and liability management. The Eurobond was issued as Senior Notes in October 2020 at 8.625 per cent with semi-annual coupon payments, which was 70 per cent oversubscribed at the time, evidencing FirstBank’s deep market access and investor

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