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Bonds Archives - NOVA Merchant Bank Limited

NOVA Merchant Bank Commences N20bn Series 1 & 2 Commercial Paper Issuance

NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced that its N20 billion Series 1 & 2 Commercial Paper issuance under the Nova Merchant Bank Limited N50 billion CP Programme is now open. The company said the offer which opened on the FMDQ platform on Tuesday, February 8, 2022 has a tenor of

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NOVA Merchant Bank Lists Bond on the Nigerian Stock Exchange

NOVA Merchant Bank recently concluded the listing of its N10 billion 7-Year Subordinated Unsecured Bond on the Nigeria Stock Exchange. This milestone was marked by the Bank partaking in the closing gong ceremony held remotely with Mr. Nath Ude MD/CEO NOVA Merchant Bank, Mr. Olumide Bolumole Divisional Head Listings Business NGX Limited, Mr. Peter Ashade

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NOVA Merchant Bank Bond Reaffirmed as “A” Rated

In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on the Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of the Bank’s financial results for

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NOVA Merchant Bank’s Debut N10bn Bond Oversubscribed by 300%

NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion debt issuance programme. The transaction represents NOVA’s first bond issuance in the debt market and was oversubscribed by 300 percent. The offer which opened on June 30, 2020 following

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