Flour Mills lists bonds on NSE

Flour Mills of Nigeria Plc has listed two types of bonds under the N70,000,000,000 Bond Issuance Programme

In a notice to the Nigerian Bourse, the bonds consist of N12,499,600.000.00 3-Years 10% Series 3 (Tranche A) Fixed Rate Senior Unsecured Bond due 2023; and the N7,500,400,000 5-Year 11.10% Series 3 (Tranche B) Fixed Rate Senior Unsecured Bond due 2025.

The Bonds (Series 3: Tranche A and Series 3: Tranche B) were 100% subscribed.