NSE Lists Delta State Bond

by Research 9. December 2011 16:16

The Nigerian Stock Exchange (NSE) Thursday listed the N50 billion Delta State Bond on the Daily Official List even as the bears overran the market and pushed the All-Share Index further down.

The Delta State bond, which was issued on September 29, has a coupon of 14 per cent and a tenor of seven years with a maturity date of September 29, 2018.

Commenting on the bond last September, Governor of Delta State, Dr. Emmanuel Uduaghan, had said that it would enable the state government fast track infrastructural development.


“Our challenge has been how to deal with the problem of infrastructure. But now that we have access to N50 billion, we will fast track all our infrastructural development. One area we are going to lay emphasis on is education,” he had said.

Apart from listing the Delta State bond, the NSE also added about 2.489 billion ordinary shares to Ecobank Transnational Incorporation (ETI) resulting from the acquisition of Oceanic Bank International by ETI.

The company, which is listed on three stock exchanges, recently acquired Oceanic Bank and decided to merge its operations with Ecobank Nigeria Plc.

As a consequence of the proposed merger, ETI’s shareholding in the enlarged Ecobank Nigeria will increase to 93 per cent. This, the bank explained, would further reduce Ecobank Nigeria's minimum free float to maintain listing on the NSE.

This development has made Ecobank Nigeria to opt out of the NSE and would operate as a private firm, while the parent company would remained listed on the Exchange.
Meanwhile, rampaging bears depressed the NSE index by 0.48 per cent to close further down at 19,732.34.

The index had on the previous day hit an eight-year low, thereby raising anxiety among investors.

And at the close of trading yesterday, only nine equities added value while 29 depreciated. Guinness Nigeria Plc led the price losers with N1.75 to close at N213.50 per share, trailed by Glaxosmithkline Consumer Nigeria Plc with N1.24 to be at N23.65 per share. UACN Property Development Company Plc, Cadbury Nigeria Plc and Nigerian Breweries Plc shed N0.64, N0.53 and N0.54 respectively.

On the other hand, Nigerian Aviation Handling Company Plc led the equities that price gainers with N0.23 to close at N5.08 per share. First City Monument Bank Plc, Ecobank Transnational Incorporated and United Bank for Africa Plc chalked up N0.18, N0.15 and N0.09 in that order

source: thisdaylive

Tags:

Comments

02/09/2014 05:59:40 #

university degrees for sale

Thanks for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a book from our area library but I think I learned better from this post. I'm very glad to see such excellent info being shared freely out there..

university degrees for sale United States

02/09/2014 06:03:58 #

http://Liftreklama.ru/node/674904

Hello, i believe that i noticed you visited my web site thus i got here to go back the favor?.I'm trying to to find issues to improve my website!I guess its ok to make use of a few of your ideas!!

Si te gustar�a informarte m�s a prop�sito esta cuesti�n, tan solo has de encaminarte hasta ovulación femenina ( http://Liftreklama.ru/node/674904 - http://Liftreklama.ru/node/674904 ).

http://Liftreklama.ru/node/674904 United States

02/09/2014 06:38:05 #

teaching online courses

Good post. I’m a regular visitor of your site and appreciate you taking the time to maintain the excellent site. I'll be a frequent visitor for a long time.

teaching online courses United States

02/09/2014 06:55:20 #

what is it worth

Wow! This can be one of the most useful blogs we've ever come across on thesubject. Actually fantastic post! I'm also a specialist in this topic therefore I can understand your hard work.

what is it worth United States

02/09/2014 07:26:06 #

Baltasar sanchez haz

There is certainly a great deal to know about this subject. I really like all the points you have made.

Baltasar sanchez haz United States

02/09/2014 08:15:38 #

60k In 60 Seconds Review

I've been browsing on-line more than 3 hours today, but I never discovered any attention-grabbing article like yours. It is lovely price sufficient for me. In my opinion, if all site owners and bloggers made good content material as you did, the net can be a lot more useful than ever before.

my webpage ...  60k In 60 Seconds Review - www.foaie.com/.../...seconds-review-and-bonus.html

60k In 60 Seconds Review United States

02/09/2014 11:37:37 #

sem consultant perth

Good web site! I really love how it is nice on my eyes it is. I'm wondering how I could be notified when a new post has been made. I have subscribed to your feed which may do the trick? Have a nice day!

sem consultant perth United States

02/09/2014 11:43:39 #

Baltasar sanchez haz

Excellent post! We are linking to this particularly great post on our website. Keep up the good writing.

Baltasar sanchez haz United States

02/09/2014 11:55:42 #

senior pictures dallas

I’ve recently started a website, and the info you provide on this website has helped me a lot. Thanks for all of your time & work.

senior pictures dallas United States

02/09/2014 12:17:22 #

christmas present ideas

Hello! I simply would like to give you a big thumbs up for the great info you’ve got right here on this post. I will be coming back to your web site for more soon.

christmas present ideas United States

02/09/2014 12:36:30 #

seo the woodlands

I have been absent for some time, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How often do you update your website?

seo the woodlands United States

02/09/2014 12:40:43 #

 buy valium

I needed to thank you for this very good read!! I certainly enjoyed every little bit of it. I’ve got you bookmarked to look at new things you post…

buy valium United States

02/09/2014 12:40:46 #

Bail bonds Glendora

When I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. Perhaps there is a means you are able to remove me from that service? Thanks!

Bail bonds Glendora United States

02/09/2014 13:03:59 #

Baltasar sanchez haz

An outstanding share! I’ve just forwarded this onto a co-worker who had been conducting a little homework on this. And he in fact ordered me dinner because I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to talk about this issue here on your web site.

Baltasar sanchez haz United States

Add comment


(Will show your Gravatar icon)

  Country flag

biuquote
  • Comment
  • Preview
Loading



Powered by BlogEngine.NET 1.6.0.0
Theme by Mads Kristensen

TextBox

Calendar

<<  September 2014  >>
MoTuWeThFrSaSu
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345

View posts in large calendar