GZ Industries Limited ₦50.00bn Commercial Paper Programme

Programme Details
Issuer
GZ Industries Limited
Size (₦' bn)
50
Programme Type
Commercial Paper
Currency
Naira
Face Value (₦)
1,000
No. of Series
N/A
Status
Registered
Status
Registered

Programmes

Series

Compliance Status

Corporate Disclosures

Lead Sponsor
Joint Sponsor(s)
Use of Proceeds
Rand Merchant Bank Nigeria Limited
CardinalStone Partners Limited
Stanbic IBTC Capital Limited
United Capital PLC
The net proceeds from each issue of Notes under the Programme will be used to support the Issuer’s short term funding requirements or as may otherwise be specified in the Applicable Pricing Supplement.
Issuing and Placing Agent(s) (IPA)
Collecting and Paying Agent (s) (CPA)
Issuing, Placing, Paying and Collecting Agent(s) (IPCA)
Rand Merchant Bank Limited
Stanbic IBTC Capital Limited
CardinalStone Partners Limited
United Capital PLC
Stanbic IBTC Bank PLC
N/A
Lead Sponsor
Rand Merchant Bank Nigeria Limited
Joint Sponsor(s)
CardinalStone Partners Limited
Stanbic IBTC Capital Limited
United Capital PLC
Use of Proceeds
The net proceeds from each issue of Notes under the Programme will be used to support the Issuer’s short term funding requirements or as may otherwise be specified in the Applicable Pricing Supplement.
Issuing and Placing Agent(s) (IPA)
Rand Merchant Bank Limited
Stanbic IBTC Capital Limited
CardinalStone Partners Limited
United Capital PLC
Collecting and Paying Agent (s) (CPA)
Stanbic IBTC Bank PLC
Issuing and Placing Agent(s) (IPA)
N/A
Programme Document

Programme Memorandum
Issuer Rating (s)

TitleSizeDownload
Credit rating report 574.10 KB DownloadPreview

"Bbb+/Agusto & Co. A-/DataPro"
Series
Issue
2
Issue Amount (N'bn)
18.38
Tenor (Days)
270
Discount (%)
16.66
Issue Date
Nov. 17, 2023
Maturity Date
Aug. 13, 2024
Issue
1
Issue Amount (N'bn)
1.62
Tenor (Days)
180
Discount (%)
14.83
Issue Date
Nov. 17, 2023
Maturity Date
May. 15, 2024

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