Fidelity Bank repays $400m Eurobond after five years
Fidelity Bank Plc has repaid its $400m Eurobond at maturity after five years, with the repayment reportedly financed entirely from the bank’s internal liquidity resources. The development was disclosed in a statement issued on Sunday by the Chairman and Chief Executive Officer of Air Peace, Allen Onyema, who congratulated the bank on meeting its debt Read More:…
Fidelity Bank Plc has successfully repaid a $400 million Eurobond at maturity after a five-year period, according to a statement released by Allen Onyema, Chairman and CEO of Air Peace. Onyema praised the bank's financial strength and its ability to meet its debt obligations without relying on external funding, describing the repayment as a testament to the bank's internal liquidity resources.
The Air Peace chairman and CEO further commended Fidelity Bank for its disciplined management and vision, noting that the achievement reflects the importance of corporate governance and financial planning in sustaining confidence in the banking sector. Onyema attributed the repayment to the strong leadership of Fidelity Bank's Managing Director and CEO, Nneka Onyeali-Ikpe, and congratulated the bank on completing its recapitalization ahead of the deadline set by the Central Bank of Nigeria.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
