FCMB Group Plc has notified the Nigerian Stock Exchange (NSE) and its esteemed shareholders that one of its subsidiaries, First City Monument Bank Limited (the Bank) is undertaking a Commercial Paper Issuance (CP) under its N100 billion CP programme.
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The CP has a tenor of 260 days with the aim of raising up to N30billion to support the bank’s short term funding needs.
The CP serves as an additional funding source for the bank.
