FCMB Capital Markets Backs BOI's ₦274.19 Billion Development Bond : Afroconomy - Afroconomy
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FCMB Capital Markets Backs BOI's ₦274.19 Billion Development Bond

FCMB Capital Markets Limited acted as a Joint Issuing House and Bookrunner on the ₦274.19 billion Series 1 Development Bond issued by the Bank of Industry (BOI), one of the largest sub-sovereign bond issuances through the Nigerian capital

Afroconomy Intelligence
1 min readAI Summary
FCMB Capital Markets Backs BOI's ₦274.19 Billion Development Bond
Credit: Nairametrics

FCMB Capital Markets acted as joint issuing house and bookrunner for the Bank of Industry's ₦274.19 billion Series 1 Development Bond, described as one of Nigeria's largest sub-sovereign bond issuances. The five-year bond carries a 17.60% fixed rate and matures in 2031, issued through BOI Financing SPV Plc.

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