C and I Leasing Plc, at the weekend listed its ₦7.00 billion Series 1 Fixed Rate Bond under its ₦20.00 billion issuance Programme on the FMDQ platform.
The listing, according to the firm, would enable it to finance key activities that ultimately translate to the growth of the company, create liquidity for the instrument as well as improve the price discovery process for subsequent issues by the company.
The Managing Director/CEO of the company, Andrew Otike –Odibi, while speaking during the listing in Lagos at the weekend said: “We are grateful to everyone who contributed tremendously to the process of the issue from the beginning to this point.”
“The expansion plans for which we raised the bond are already successfully on course with our complete acquisition of C & I Petrotech taking full ownership of six boats in the process, as well as the recent acquisition of some new vessels to take advantage of the increasing opportunities in the marine business.”
Source: The Guardian