TheCable·3 min read·hard
Geregu Power defaults on N40bn bond payments
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Busola Aro
✦AI Summary
Geregu Power Plc has defaulted on its N40 billion bond interest and principal payments, according to FMDQ Securities Exchange data. The company faces ongoing challenges including sector illiquidity and pressure on its leverage metrics, which were previously flagged by credit rating agencies.
Geregu Power Plc has defaulted on the eighth coupon or interest payment and fourth bullet principal repayment of its N40.09 billion series one senior unsecured bond.
businesseconomy
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