In Your Interest
October 17, 2017/InvestmentOne Research ASI as at 12.00pm: -0.25% Market movers: VITAFOAM (-5.00%), OANDO (-4.79%), MANSARD (+10.00%), MAYBAKER (+1.35%) Sector Performances: Oil & Gas (-0.62%), Consumer Goods (-0.70%), Banking (+0.08%), Industrial Market activity: Market performance, compared to this time yesterday is better in terms of value but dipped in terms of […]
Culled—Proshare October 17, 2017/Vetiva Research Gross Earnings up 26% y/y – 7% ahead of our estimate · Strong FX trading income masks high costs, amidst improving FX liquidity · We maintain our 8% loan growth forecast, Ytd 6% · Target price revised marginally lower to N9.32 (Previous: N9.74) Strong y/y […]
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, […]