Author: merchant-bank
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Coronation Merchant Bank’s maiden results reflect a legacy of excellence
LAGOS, Nigeria, March 2016 Upholding its discount house legacy, Coronation Merchant Bank (‘the Bank’) has sustained its tradition with impressive first year results. The Bank’s outcomes, which were the first in the banking industry to be announced for the 2015 fiscal year, reflect accountability, transparency and a culture of responsibility that are defining attributes of […]
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Coronation Merchant Bank issues N16.79 billion FMDQ-listed commercial paper for UACN property development company Plc (“UPDC”)
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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Agusto & Co. upgrades Coronation Merchant Bank’s credit rating to “A”
Coronation Merchant Bank (‘the Bank’), formerly Associated Discount House Limited, announced today that Agusto & Co., Nigeria’s foremost rating agency, has upgraded its corporate rating. The rating agency raised Coronation Merchant Bank’s credit rating from an “A-“ to an “A” and cited stable outlook. This serves as a testament to the Bank’s “strong capitalisation, good […]
