AB Microfinance Bank Nigeria Limited has announced the launch of its up to ₦3.0Billion Series 5 Commercial Paper, under its ₦9.0 Billion Commercial Paper Issuance Programme. AB Microfinance Bank Nigeria Limited (the “Issuer” or "AB" or the “Bank”) incorporated in 2008, is one of the nine (9) national microfinance banks licensed by the Central Bank of Nigeria (CBN).
AB Microfinance Bank is owned by Access Microfinance Holding AG Germany, which is in turn owned by IFC - International Finance Corporation (IFC), Triodos Investment Management, British International Investment LFS Financial Advisory, European Investment Bank (EIB), KfW - German Development Bank, and OMIDYAR-TUFTS MICROFINANCE FUND. Direct shareholders of AB Microfinance Bank include African Development Bank Group, (IFC), and KFW.
Arranger/Placing Agent: DLM Capital Group Joint placing agents: AIICO CAPITAL LIMITED, Meristem Nigeria, SCM Capital Limited, and First Ally Auditor: BDO Professional Services Transaction counsel: G. Elias
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