Culled—Proshare October 16, 2017 Fidelity Bank (Fidelity Bank Plc (-/B-/B-) priced a highly successful US$400m 5-year Eurobond with a 10.50% coupon in what is the largest combined new issue & liability management offering ever by a Nigerian issuer. Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited managed the deal, […]
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UBA Report: Consolidating on Stellar Q3 Performance Amidst OPEX Pressure
October 16, 2017/Cordros Research Click here to download full PDF copy of report This afternoon, United Bank for Africa Plc (UBA) released 9M 2017 results, wherein key lines consolidated on the impressive performance in the first six months. Gross earnings grew by 25.75% (missed our estimate by 2.67%), driven by […]
Nigerian Stocks Sustains Bullish Momentum on Bargain Hunting
October 16, 2017/Cordros Report Click here to download full PDF copy of report EQUITIES The equities market sustained its uptrend, with the ASI appreciating by 0.33% to 36,971.27 points, following bargain hunting in value stocks Accordingly, the Month-to-Date and Year-to Date returns improved to 4.32% and 37.57%, respectively. The Banking […]
