Coronation Merchant Bank (‘the Bank’), formerly Associated Discount House Limited, has completed the issuance of a N16.79bn senior unsecured FMDQ-listed commercial paper for UACN Property Development Company Plc (“UPDC”). The transaction, which was part of UPDC’s N24bn listed commercial papers programme, was oversubscribed by 67.9%, amounting to N6.79bn over the sum of N10bn initially targeted …
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