{"id":11047,"date":"2017-02-21T15:52:09","date_gmt":"2017-02-21T14:52:09","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11047"},"modified":"2017-02-21T15:52:09","modified_gmt":"2017-02-21T14:52:09","slug":"nse-lists-forte-oils-n9-bn-bond","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nse-lists-forte-oils-n9-bn-bond\/","title":{"rendered":"NSE Lists Forte Oil\u2019s N9 bn Bond"},"content":{"rendered":"<p>The Nigerian Stock Exchange has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company.<\/p>\n<p>The proceeds of the N9 billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.<\/p>\n<p>The Group Managing Director Mr. Akin Akinfemiwa said \u201cThis bond programme, being the first in the downstream sector, is a testament to Forte Oil\u2019s leading position within the downstream sector\u201d. United Capital Limited served as the lead Financial Advisor\/Issuing House to the transaction, while Boston Advisory Ltd., FBN Capital Ltd., Planet Capital and Vetiva Capital Management were joint Financial Advisors\/issuing House.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>Speaking on the listing, Haruna Jalo-Waziri, Executive Director, Capital Market Division, NSE said \u201cwe are pleased to be a partner to Forte Oil in its quest to expand its franchise by raising fresh capital through bonds. As the pioneer Exchange, we will continue to provide our issuers with bespoke financing options that will place them in vantage position to compete regionally and globally\u201d.<\/p>\n<p>The year seem to have started on a busy note for the Exchange with spate of listings on the bourse. So far, two companies, Medview Airline and Jaiz Bank were listed by introduction, Stanbic IBTC Asset Management Limited listed Pension ETF 40, while Top Services Limited listed a REITs.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Stock Exchange has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. The proceeds of the N9 billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":10344,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[740],"coauthors":[2392,2393],"class_list":["post-11047","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-nse"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NSE Lists Forte Oil\u2019s N9 bn Bond - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nse-lists-forte-oils-n9-bn-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE Lists Forte Oil\u2019s N9 bn Bond - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Stock Exchange has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. 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