17.50 Ardova 2-DEC-2021

17.50 Ardova 2-DEC-2021

Series1
Issue Amount (₦’bn)9.00
Tenor (Year)5
Issue DateDec. 2, 2016
Maturity DateDec. 2, 2021
Coupon (%)17.50
Yield at Issue (%)N/A
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencySemi-annual
Issue RatingA-/GCR
ISINNGFOB2021S14
Use of ProceedsTo purchase 7 Year Notes issued by Sterling Bank PLC (60%) and FGN Securities (40%) to be held by the Trustees on behalf of Bondholders
RedemptionPar at maturity
Debt ServiceN/A
Trustee(s)ARM Trustees Limited, United Capital Trustees, FBN Trustees Limited, Union Trustees & Vetiva Trustees Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement