ARM Investment Managers Limited ₦200.00bn Issuance Programme
Programme Details
Fund
Naira
Close-Ended
N/A
Admitted
Issuer
Programme
Offer Documents
Issuer Ratings
Fund Manager
Joint Issuing Houses
Trustees
ARM Capital Limited
Fund Size (Units)
Unit Price
Units of Sale
Holding Period
Up to ₦200,000,000,000 (Two Hundred Billion Naira)
₦1.00
Not applicable
Not applicable
Offer Document(s)
Shelf Prospectus – ARM Private Debt Fund
Fund Rating (s)
Nature of the Fund
Payment Terms:
The Fund shall be closed-ended. Units under the Programme will be issued to Target investors periodically in Series or Tranches based on the pipeline of opportunities, preferences of the Unitholders and required investment size/ticket. Each Series or Tranche will have its own tenor which shall not exceed the life of the entire Fund. The tenor for each Series or Tranche shall be determined by the Fund Manager and specified in the applicable Supplementary Prospectus for the Units being issued, and which shall be approved by the Commission. Unless otherwise stated in the applicable Supplementary Prospectus of a Series or Tranche, the Fund will use the net proceeds from each Offer under the Programme for providing corporate debt to SMEs which are market leaders with a strong track record, overseeing impact-focused projects. The investments by the Fund in opportunities will be delivered using a broad range of investment structures and options such as direct lending (secured/unsecured senior debt), mezzanine and convertible debt, or other unique debt structures. The Supplementary Prospectus for each Series or Tranche will specify details of the use of proceeds of that Series or Tranche.
Each investment must meet interest and capital repayment obligations at maturity while delivering adequate returns to sustain the Fund’s investor distributions. Returns will be generated through: • Returns from debt investments • Income from Money Market Instruments Periodic distributions, at least semi annually, will be made to Unitholders after deducting permissible expenses.
Fund Manager
ARM Capital Limited
Joint Issuing Houses
Trustees
Fund Size (Units)
Up to ₦200,000,000,000 (Two Hundred Billion Naira)
Units of Sale
₦1.00
Unit Price
Not applicable
Nature of the Fund
The Fund shall be closed-ended. Units under the Programme will be issued to Target investors periodically in Series or Tranches based on the pipeline of opportunities, preferences of the Unitholders and required investment size/ticket. Each Series or Tranche will have its own tenor which shall not exceed the life of the entire Fund. The tenor for each Series or Tranche shall be determined by the Fund Manager and specified in the applicable Supplementary Prospectus for the Units being issued, and which shall be approved by the Commission. Unless otherwise stated in the applicable Supplementary Prospectus of a Series or Tranche, the Fund will use the net proceeds from each Offer under the Programme for providing corporate debt to SMEs which are market leaders with a strong track record, overseeing impact-focused projects. The investments by the Fund in opportunities will be delivered using a broad range of investment structures and options such as direct lending (secured/unsecured senior debt), mezzanine and convertible debt, or other unique debt structures. The Supplementary Prospectus for each Series or Tranche will specify details of the use of proceeds of that Series or Tranche.
Payment Terms:
Each investment must meet interest and capital repayment obligations at maturity while delivering adequate returns to sustain the Fund’s investor distributions. Returns will be generated through: • Returns from debt investments • Income from Money Market Instruments Periodic distributions, at least semi annually, will be made to Unitholders after deducting permissible expenses.
