The Company disclosed that the fresh capital is meant to support its short-term working capital and funding needs under these Series.
According to NB Plc, the Series 4 is for a tenor of 95 days (with an implied yield of 12.5%), Series 5 for 186 days (with an implied yield of 13%), and Series 6 for 228 days (with an implied yield of 14%).
Uaboi Agbebaku, Company Secretary, NB Plc disclosed that the minimum subscription is N5 million and multiples of N1, 000 thereafter.
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