Stock Exchange lists Asset Corporation’s N1.7b bond
The Nigerian Stock
Exchange (NSE) yesterday listed N1.7 billion zero coupon Bond 2013
series of the Asset Management Corporation of Nigeria (AMCON).
A statement by the NSE in Lagos on Wednesday said that the bond would be listed at N1, 000 per share.
AMCON, a fortnight
ago, issued the N1.7 trillion bonds, comprising of N1.1 trillion to
replace the initial consideration bonds issued to 21 banks on December
31, as well as another N600 billion bonds to buy up the margin related
non-performing loans of non-rescued banks.
AMCON executive
director, finance and operations, Mofoluke Dosumu, who confirmed this,
said the government has granted its entire request for waivers,
preparatory to the listing of the bonds on the Nigerian Stock Exchange.
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