March 22, 2018/NSE Seplat today announced that it has completed its offering of $350 million in aggregate principal amount of 9.25% senior notes due 2023 (the ”Notes”). The Notes have been issued by the Company and guaranteed by certain of its subsidiaries. The proceeds of the Notes, together with drawings […]
Investors Bite
NSE Proposes Rules for Price Stabilization of Securities to the Rulebook
March 22, 2018/NSE Introduction The Exchange is proposing to add the Rules for Price Stabilization of Securities to the Rulebook of The Exchange (”Rulebook”) (Issuers’ Rules). Summary of the Proposed Rules The stabilization of securities creates a regulatory framework for ’the buying of security for the limited purpose of [preventing […]
Bond Yields Decline as Auction rates clear c.35bps lower on the 5- and 10-yr
Culled—Proshare March 21, 2018/Zedcrest Capital *** FG Targets 7% Economic Growth in 2-3 years*** – Adeosun Bonds The bond market traded on a slightly bullish note with some lifts especially on the short end of the curve, as market players cautiously tracked proceedings at the bond auction which witnessed slightly […]
