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Agusto & Co. assigns Bbb+ rating to Flour Mills of Nigeria Plc’s Series 1 & 2 Bonds

Rating Release

Agusto & Co. assigns Bbb+ rating to Flour Mills of Nigeria Plc’s Series 1 & 2 Bonds:

  • ₦10.11 billion Series 1 3-Year 15.5% Fixed Rate Senior Unsecured Bond Due 2021 (Series 1)
  • ₦10 billion Series 2 5-Year 16% Fixed Rate Senior Unsecured Bond Due 2023   (Series 2)
The ratings expires on 30 September 2019.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.