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Published on 2/24/2012 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

First Bank of Nigeria unit calls all $174 million notes due 2017

By Tali David

Minneapolis, Feb. 24 - First Bank of Nigeria plc subsidiary FBN Capital Finance Co. called all $174 million of its subordinated callable notes due 2017, according to a filing with the London Stock Exchange.

The notes will be redeemed at par plus accrued interest on March 30.

Deutsche Bank Trust Co. Americas is the trustee.

First Bank of Nigeria is a commercial bank based in Lagos, Nigeria.


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