Priced at a coupon of 7.50% with no fixed maturity, AFC’s maiden perpetual bond attracted robust demand, peaking at US$1.1 billion in orders, and closed with 1.5 times oversubscription January 15, 2025/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has successfully priced a US$500 million perpetual hybrid […]
Author: InvestAdvocate
SEC Announces Departure of Chief Economist Jessica Wachter
January 15, 2025/US SEC The Securities and Exchange Commission today announced that Jessica A. Wachter, the Chief Economist and Director of the Division of Economic and Risk Analysis (DERA), will depart the agency on January 17. “I thank Jessica for her leadership of the Division of Economic and Risk Analysis, […]
Dangote Cement Drags Down Nigerian Indices by -1.5%
January 15, 2025/Cordros Report EQUITIES Profit-taking activities continued today in the Nigerian equities market, as sell pressures on DANGCEM (-10.0%) weighed down the All-Share Index by 1.5% to 102,095.95. As a result, the Year-to-Date return settled at -0.8%. The total volume traded declined by 14.3% to 431.30 million units, valued […]
