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 |