Fidelity Bank Plc has issued a $300m five-year Eurobond paying a 6.875 per cent coupon and priced at a discount to give a seven per cent yield. Reuters quoted a senior official of Fidelity Bank, who declined to be named, as saying that the bond sale was completed on Thursday. […]
Author: InvestAdvocate
Nigerian Stock Exchange Records N1.2bn
The recovery witnessed in the Nigerian stock market last year also impacted positively on the operations of the Nigerian Stock Exchange (NSE) as the exchange ended the 2012 financial year with an operating surplus of N1.2 billion. The surplus showed a jump of 347 per cent above the N258 million […]
GM Plans About $16 Billion in Investments in U.S. by 2016
General Motors Co. (GM), profitable for 13 consecutive quarters, is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said. “The $11 billion in capital that will be spent in China by 2016 is coming out of […]
