FCMB Group Plc has notified the Nigerian Stock Exchange (NSE) and its esteemed shareholders that one of its subsidiaries, First City Monument Bank Limited (the Bank) is undertaking its inaugural Commercial Paper Issuance (CP) under its N100 billion-naira CP programme.
In a press statement that was made available by FCMB Group, the Commercial Paper has a tenor of 269 days with the aim of raising up to N20 billion to support the Bank’s short-term funding needs.
The Commercial Paper serves as an additional funding source for the Bank.
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