Amcon

Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President of the Federal Republic of Nigeria signed the AMCON Act into Law. AMCON was created to be a key stabilizing and re-vitalizing tool established to revive the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy.

The Programme:

The Asset Management Corporation of Nigeria issued about N4.5tn bonds for the purpose of to replacing the N1.1tn Consideration Bonds that were issued on December 31, 2010, and to also buy the new Non Performing Loans from distressed banks in the second phase

The Issue:

Radix is one of the Financial Advisers to the bond issuance programme.

 

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