Fidelity Bank prepares Eurobond coupon before due date

News Express |2nd Apr 2020 | 1,738

Nigeria’s Fidelity Bank has transferred $21 million to the bond trustees for its eurobond coupon payment due in two weeks, a senior executive said.

The executive cited contingency plans for a potential Coronavirus lockdown.

Lagos, Africa’s largest city with, ground to a halt on Tuesday and the Nigerian capital Abuja entered a two-week lockdown to slow the spread of the virus. (Reuters)

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