First Bank to redeem $300mn subordinated notes

PUBLISHED: Tue, 07 Aug 2018 13:57:46 GMT

First Bank of Nigeria says it exercised the option to redeem the fixed rate subordinated note held by FBN Finance Company B.V. The bank also intends to call and prepay holders of these notes today. Adesola Adeduntan, Managing Director and CEO of First Bank Nigeria and Subsidiaries join CNBC Africa to discuss this and more.

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