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Real estate company, Lekki Gardens Estates, has repaid its N3.5 billion Series 1: three-year bond.
This was confirmed by the financial sector rating agency, Global Credit Rating (GCR).
The bond matured in January. It was the company’s debut in the Nigerian debt capital market in January 2021, followed by a N25 billion commercial paper in June 2022.
It repaid subscribers of the N4,180,000,000.00 Series 1 (tranches A & B) issuances under the commercial paper programme in April and June 2023.
