Lagos, Nigeria – January 18, 2016 Transcorp Hotels Plc – the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp Plc) – today announced the listing of its Series 1 N10billion naira bond on the Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange. The company successfully closed its Series 1 & 2 bonds at the last quarter of 2015 and has raised a total of N19.758billion. Series 1 which is now listed, is a 7-year bond issued at 16.00% fixed rate and maturing in 2022.
With this momentous milestone, the company’s bonds are now available at the bond markets and, the investing public can trade and derive value from their investments. Such a major accomplishment reiterates the company’s resolve to continuously deliver value to all its stakeholders.
During the event at the NSE, the MD/CEO of Transcorp Hotels Plc, Valentine Ozigbo, expressed his excitement over the successful completion of the company’s Series 1 & 2 bonds. According to him, Series 1 was oversubscribed by 30 % while Series 2 was 98% subscribed a testimony of undeniable investors’ confidence to the achievements and leadership of the company. “By successfully raising these funds, we now have sufficient funding for our immediate priority projects especially the upgrade and expansion of the multi –award winning and iconic Transcorp Hilton Abuja”, Mr. Ozigbo said.
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Transcorp Hilton Abuja wins Travellers’ Choice Hotel award
Transcorp HIlton Abuja has continued to maintain its leading role and dominance in the hospitality sector. Consequently, it was recently awarded the 2015 Travellers’ Choice winner for Hotels in Nigeria. Please read here.
The Travellers’ Choice Awards is based on the reviews and opinions of the global travel community, and is the highest honour given by TripAdvisor. For the 14th year, TripAdvisor has highlighted the world’s top properties based on the millions of reviews and opinions collected in a single year from travellers around the globe. Winners were identified in the categories of Top Hotels, Bargain, B&Bs and Inns, Luxury, Service and Small Hotels. The hallmarks of Travellers’ Choice winners are remarkable service, quality and value.
Congratulations to the Transcorp Hotel Staff and Management.
