{"id":38075,"date":"2020-01-31T15:51:55","date_gmt":"2020-01-31T14:51:55","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=38075"},"modified":"2020-01-31T15:51:55","modified_gmt":"2020-01-31T14:51:55","slug":"interswitch-list-n23billion-bond-on-the-nigerian-stock-exchange","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/interswitch-list-n23billion-bond-on-the-nigerian-stock-exchange\/","title":{"rendered":"Interswitch List N23billion Bond On The Nigerian Stock Exchange"},"content":{"rendered":"

Interswitch Limited\u2019s on Friday, 31 January 2020, listed N23billion Bond on the Nigerian Stock Exchange (NSE).<\/p>\n

The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through a Special Purpose Vehicle \u2013 Interswitch Africa One Plc.<\/p>\n

Interswitch Limited is a leading technology-driven company with a focus on the digitisation of payments in Nigeria and other African countries.<\/p>\n

Commenting on the listing, the Chief Executive Officer of the NSE, Mr. Oscar Onyema, congratulated the management of Interswitch Limited and the professional parties to the issue for a successful debt capital raise and the subsequent listing of the bond on The Exchange. \u201cWe are pleased to be a partner to Interswitch Limited in its quest to expand its footprints by raising fresh capital. We see a win for Interswitch as a win for Nigeria. As a sustainable Exchange and a premiere listing destination, we are committed to supporting our issuers with tailored financing options that will place them in a vantage position to compete in the regional and global markets.\u201d<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The Group Managing Director\/Founder Interswitch Limited, Mr. Mitchell Elegbe, \u201cWe are delighted with the outcome of our capital raising efforts. We have evolved over the past 17 years into a technology unicorn focused on providing digital solutions to customers in Nigeria and across Africa. We, therefore, see this listing as a first step in a new phase of our journey and we are determined to keep going.\u201d<\/p>\n

He went on to thank The Exchange for its support in achieving this feat. Parties to this transaction are FBNQuest Merchant Bank and Stanbic IBTC Capital acted as Lead Financial Advisors\/Issuing Houses and ABSA Capital Markets Nigeria, FCMB Capital Markets, Quantum Zenith Capital & Investments and Rand Merchant Bank Nigeria.<\/p>\n

Photo Caption: From Left–Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange presenting a replica of the closing gong to Mitchell Elegbe, Chief Executive Officer, Interswitch during the Listing of Interswitch Limited\u2019s N23billion Bond at the Exchange on Friday, 31 January 2020<\/strong><\/p>\n

\n<\/p>","protected":false},"excerpt":{"rendered":"

Interswitch Limited\u2019s on Friday, 31 January 2020, listed N23billion Bond on the Nigerian Stock Exchange (NSE).<\/p>\n","protected":false},"author":6,"featured_media":38076,"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],"tags":[4877,4881,740],"coauthors":[2391],"class_list":["post-38075","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-interswitch","tag-mitchell-elegbe","tag-nse"],"yoast_head":"\nInterswitch List N23billion Bond On The Nigerian Stock Exchange - 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\/interswitch-list-n23billion-bond-on-the-nigerian-stock-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interswitch List N23billion Bond On The Nigerian Stock Exchange - 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