Stanbic IBTC Capital leads Presco’s N82.9bn bond

Stanbic IBTC Capital Limited has acted as the lead issuing house on Presco Plc’s issuance of an N82.89bn bond. In a statement on Thursday, it was revealed that the seven-year 23.75 per cent senior unsecured fixed-rate Series I bond under the company’s N150n bond issuance programme is aimed at expanding its West African footprint. Presco