Mecure Industries PLC ₦40.00bn Commercial Paper Issuance Programme

Programme Details
Issuer
MeCure Industries PLC
Size (₦' bn)
₦40.00bn
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
Cordros Capital Limited
AIICO Capital Limited
FSDH Capital Limited
Greenwich Merchant Bank Limited
CardinalStone Partners Limited
The net proceeds from each issue of Notes will be used to augment the Issuer's working capital requirements and for the Issuer's business or as may otherwise be described 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)
Cordros Capital Limited
FSDH Merchant Bank Limited
N/A
Lead Sponsor
Cordros Capital Limited
Joint Sponsor(s)
AIICO Capital Limited
FSDH Capital Limited
Greenwich Merchant Bank Limited
CardinalStone Partners Limited
Use of Proceeds
The net proceeds from each issue of Notes will be used to augment the Issuer's working capital requirements and for the Issuer's business or as may otherwise be described in the Applicable Pricing Supplement
Issuing and Placing Agent(s) (IPA)
Cordros Capital Limited
Collecting and Paying Agent (s) (CPA)
FSDH Merchant Bank Limited
Issuing and Placing Agent(s) (IPA)
N/A
Programme Document

Pricing Supplement
Issuer Rating (s)

BBB/GCR A-/DataPro
Series
Issue
3
Issue Amount (N'bn)
9.89
Tenor (Days)
269
Discount (%)
23.89
Issue Date
Feb. 17, 2025
Maturity Date
Nov. 13, 2025
Issue
2
Issue Amount (N'bn)
6.29
Tenor (Days)
266
Discount (%)
23.94
Issue Date
Oct. 23, 2024
Maturity Date
Jul. 16, 2025
Issue
1
Issue Amount (N'bn)
3.03
Tenor (Days)
180
Discount (%)
23.83
Issue Date
Oct. 23, 2024
Maturity Date
Apr. 21, 2025

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