Geregu Power bond default rattles investors as earnings plunge 88%

By Udeme Akpan, Energy Editor Investors in Geregu Power Plc are facing renewed concerns over the company’s financial position after it defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing both its eighth semi-annual coupon payment and scheduled fourth principal repayment. The default was disclosed in an updated listing status published by FMDQ […] The post Geregu Power bond default rattles investors as earnings plunge 88% appeared first on Vanguard News.

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