Modest book but stable trading for Fidelity debut
Trading of a debut $300m five year bond from Nigeria’s Fidelity Bank has remained stable in spite of an order book described as only modestly oversubscribed when the bond priced last Thursday night. Having traded around re-offer on Friday after pricing at 99.48, the bonds were seen slightly lower, at 99, on Tuesday morning.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts