17.50 Ardova 2-DEC-2021
Series | 1 |
---|---|
Issue Amount (₦’bn) | 9.00 |
Tenor (Year) | 5 |
Issue Date | Dec. 2, 2016 |
Maturity Date | Dec. 2, 2021 |
Coupon (%) | 17.50 |
Yield at Issue (%) | N/A |
Issue Price (₦) | At par |
Currency | Nigerian Naira |
Coupon Frequency | Semi-annual |
Issue Rating | A-/GCR |
ISIN | NGFOB2021S14 |
Use of Proceeds | To purchase 7 Year Notes issued by Sterling Bank PLC (60%) and FGN Securities (40%) to be held by the Trustees on behalf of Bondholders |
Redemption | Par at maturity |
Debt Service | N/A |
Trustee(s) | ARM Trustees Limited, United Capital Trustees, FBN Trustees Limited, Union Trustees & Vetiva Trustees Limited |
Tax Consideration | Exempted from Nigerian Tax |
Offer Document | Pricing Supplement |