NSE admits Transcorp Hotels N9.76 bn  unsecured bonds

By Chioma Obinagwam

The Nigerian Stock Exchange(NSE) has said that it has admitted  Transcorp Hotels Plc’s 9,758,000 unit (Series 2) 5 Year 15.50 per cent Fixed Rate Unsecured Bonds Due 2020 valued at N9,758,000,000  under a N30 Billion Medium Term Bond Programme to the Daily Official list of the Exchange.

The bonds were admitted to trade at the Exchange on March 1, 2016, the NSE said.

ALSO SEE: NSE Delists shares of Wema Bank, Intercontinental Bank

Recall that the company was the first to list a ₦10 billion Series 1, 7-Year 16.0 per cent fixed rate unsecured bonds under a N30.00b Medium-Term Bond Programme  simultaneously on the NSE and the FMDQ platform this year notwithstanding the recent downturn in the market.

Transcorp Hotels is the hospitality unit of Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc.