Golden Oil Funding SPV PLC ₦15.00bn Asset-Backed Commercial Paper Issuance Programme
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- Golden Oil Funding SPV PLC ₦15.00bn Asset-Backed Commercial Paper Issuance Programme
Programme Details
Issuer
Size (₦' bn)
15.00
Programme Type
Commercial Paper
Currency
Nigerian Naira
Face Value (₦)
N/A
No. of Series
3
Status
Registered
Status
Registered
Programmes
Series
Compliance Status
Corporate Disclosures
Lead Sponsor
Joint Sponsor(s)
Use of Proceeds
| FSDH Capital Limited |
| Coronation Merchant Bank Limited |
| Unless otherwise stated in the Applicable Pricing Supplement, the net proceeds from each issue of the Asset-Backed CPs will be applied by the Issuer to purchase from the Promoter assets worth 120% of the Principal Amount of each Series or Tranche which will be securitised as Tank Farm/Warehousing Receipts and serve as the Underlying Assets. The Promoter will, in turn, use the proceeds as working capital to support purchases required for its production processes. |
Issuing and Placing Agent(s) (IPA)
Collecting and Paying Agent (s) (CPA)
Issuing, Placing, Paying and Collecting Agent(s) (IPCA)
| Not applicable |
| Not applicable |
| FSDH Merchant Bank Limited |
Lead Sponsor
| FSDH Capital Limited |
Joint Sponsor(s)
| Coronation Merchant Bank Limited |
Use of Proceeds
| Unless otherwise stated in the Applicable Pricing Supplement, the net proceeds from each issue of the Asset-Backed CPs will be applied by the Issuer to purchase from the Promoter assets worth 120% of the Principal Amount of each Series or Tranche which will be securitised as Tank Farm/Warehousing Receipts and serve as the Underlying Assets. The Promoter will, in turn, use the proceeds as working capital to support purchases required for its production processes. |
Issuing and Placing Agent(s) (IPA)
| Not applicable |
Collecting and Paying Agent (s) (CPA)
| Not applicable |
Issuing and Placing Agent(s) (IPA)
| FSDH Merchant Bank Limited |
Programme Document
Pricing Supplement
Issuer Rating (s)
No data was found
