Fidelity Bank Completes $400M Eurobond Redemption
Fidelity Bank Plc (NGX: FIDELITYBK) has successfully redeemed its $400 million 7.625 per cent Senior Unsecured Eurobond at maturity, fulfilling all payment obligations associated with the five-year debt instrument. The bank announced this in a notice to shareholders, the Nigerian Exchange Limited (NGX), and other stakeholders dated October 29, 2026.
The Eurobond matured on October 28, 2026, and Fidelity Bank repaid the outstanding principal in full, along with the final coupon payment. This Eurobond was initially issued on October 28, 2021, with a five-year tenor and an annual coupon rate of 7.625 per cent, which was payable semi-annually.
Throughout the life of the instrument, Fidelity Bank met all scheduled coupon payments and adhered to the terms and conditions of the notes. The successful redemption reflects the bank’s effective liquidity management strategy and commitment to fulfilling its financial obligations.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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