Nova Merchant Bank Limited ₦50.00bn Commercial Paper Issuance Programme

Programme Details
Issuer
Nova Merchant Bank Limited
Size (₦' bn)
₦ 50.00bn
Programme Type
Commercial Paper
Currency
Nigerian Naira
Face Value (₦)
N/A
No. of Series
2
Status
Registered
Status
Registered

Programmes

Series

Compliance Status

Corporate Disclosures

Lead Sponsor
Joint Sponsor(s)
Use of Proceeds
Nova Merchant Bank Limited
i. FSDH Capital Limited
ii. EAC Advisory Limited
iii. Renaissance Securities Limited
iv. United Capital PLC
To support the short-term financing requirements
Issuing and Placing Agent(s) (IPA)
Collecting and Paying Agent (s) (CPA)
Issuing, Placing, Paying and Collecting Agent(s) (IPCA)
i. United Capital PLC
ii. Nova Merchant Bank Limited
iii. FSDH Capital Limited
iv. EAC Advisory LImited
v. Renaissance Securities Limited
Not applicable
Nova Merchant Bank Limited
Lead Sponsor
Nova Merchant Bank Limited
Joint Sponsor(s)
i. FSDH Capital Limited
ii. EAC Advisory Limited
iii. Renaissance Securities Limited
iv. United Capital PLC
Use of Proceeds
To support the short-term financing requirements
Issuing and Placing Agent(s) (IPA)
i. United Capital PLC
ii. Nova Merchant Bank Limited
iii. FSDH Capital Limited
iv. EAC Advisory LImited
v. Renaissance Securities Limited
Collecting and Paying Agent (s) (CPA)
Not applicable
Issuing and Placing Agent(s) (IPA)
Nova Merchant Bank Limited
Programme Document

TitleSizeDownload
Programme Memo 4.18 MB DownloadPreview

Programme Memo
Issuer Rating (s)

GCR/BBB
Agusto&Co./Bbb
Series
Issue
2
Issue Amount (N'bn)
6.81
Tenor (Days)
270
Discount (%)
9.3112%
Issue Date
Feb. 14, 2022
Maturity Date
Nov. 11, 2022
Issue
1
Issue Amount (N'bn)
6.07
Tenor (Days)
182
Discount (%)
9.1615%
Issue Date
Feb. 14, 2022
Maturity Date
Aug. 15, 2022

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