Fidelity pays eye-watering coupon

摘要

fidelity bank recalled a bygone era with a comeback trade last Wednesday, paying a double-digit coupon for a five-year trade. At a time when junk-rated US cable firm Charter Communications (B1/BB/BB+) can raise five-year money at 4%, the Nigerian lender reminded the market of what high yield used to be like with a US$400m October 2022 note at 10.75%.