15/4/2016/AfDB On Thursday, April 14, 2016, the African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new USD 1 billion 3-year Global benchmark transaction due 15 May 2019. The new 3-year issue is AfDB’s second USD Global benchmark this year, and follows […]
Tag: Fitch
Fitch Rates First Bank of Nigeria’s Tier 2 Note Issue
Fitch Ratings has assigned First Bank of Nigeria Ltd’s (FBN; B+/Stable) USD300m 8.25% subordinated debt (Tier 2 notes) due August 2020 a final rating of ‘B-‘. The notes will be callable in August 2018, at which point the interest rate will reset to the sum of 6.875% plus the prevailing […]
