FirstBank of Nigeria Limited, a subsidiary of FBN Holdings Plc (FirstHoldCo), has successfully redeemed its $350m subordinated Eurobond due October 2025, reaffirming its liquidity and financial stability. The Eurobond, issued in 2020 at a coupon rate of 8.625 per cent, reached maturity on October 23, 2025, and was fully repaid from the bank’s balance sheet...
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