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FCMB Suspends Issuance of Commercial Paper - Printable Version

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FCMB Suspends Issuance of Commercial Paper - Fidelis - 12-15-2020

Lagos, 14 December 2020

SUSPENSION OF PROPOSED ISSUANCE OF COMMERCIAL PAPER OF UP TO N30 BILLION BY FIRST CITY MONUMENT BANK LIMITED

FCMB Group Plc (“FCMB”) hereby notifies the Nigerian Stock Exchange (“NSE”) and its esteemed shareholders that the proposed Commercial Paper Issuance (“CP”) by one of its subsidiaries, First City Monument Bank Limited (the “Bank”) has been suspended. This is as a result of the Nigerian Treasury Bills auction of Wednesday, 9 December 2020, which distorted price discovery.

Olufunmilayo Adedibu (Mrs.)

Company Secretary


Source : NSE