The Nigerian Exchange Limited (NGX) has received approval from the Securities and Exchange Commission (SEC) to commence 0.0375 per cent fees on corporate bonds of issuers with an existing equity on the bourse.
The latest notification titled: “The revised fees on fixed income primary issuance on the Exchange-non exclusive (Dual) listing” commenced March 10, 2022,” was signed by the Chief Executive Officer, NGX regulation Limited, Tinuade Awe.
According to her, “Further to the Additions to the Rules of the SEC on fixed income primary issuance fees which stipulated a new pricing structure effective November, 22,2017, notice is hereby given that, NGX has received the approval of the Commission to introduce fees for non-exclusive fixed income listings on The Exchange, which have become effective.”
She added that in light of the foregoing, as from the March 10, 2022, the relevant fees for fixed income primary issuance on the Exchange are: “0.0375 per cent of offer size fees on corporate bonds of issuers without listed equity and 0per cent of offer size fees on exclusive listing on corporate bonds of issuers with existing listed equity listed on the Exchange.”
