Fidelity Bank Redeems $400 million Eurobonds Issued in October 2017

Fidelity Bank has informed its shareholders that it has redeemed its $400 million 5-year Eurobonds due 17^th October 2022.

The Notes were issued on 17^th October 2017 through a combination of new issue and tender offer for the refinancing of the Bank’s $300 million Senior Unsecured Notes issued in May 2018.

The notes were redeemed on October 17, 2022. Noteholders received a total of $421 million covering the principal amount and the accrued 6 months coupon in line with the executed Trust Deeds.