Saroafrica Funding SPV PLC ₦25.00bn Commercial Paper Programme
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- Saroafrica Funding SPV PLC ₦25.00bn Commercial Paper Programme
Programme Details
Issuer
Size (₦' bn)
25.00
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
| Afrinvest Capital Limited |
| Alpha Morgan Capital Advisory Partners Limited |
| Coronation Merchant Bank Limited |
| EDC Securities Limited |
| Greenwich Merchant Bank Limited |
| The net proceeds from each issue of Notes under the Programme will be used solely to support the Saro’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)
| Afrinvest Capital Limited |
| Ecobank Nigeria Limited |
Lead Sponsor
| Afrinvest Capital Limited |
Joint Sponsor(s)
| Alpha Morgan Capital Advisory Partners Limited |
| Coronation Merchant Bank Limited |
| EDC Securities Limited |
| Greenwich Merchant Bank Limited |
Use of Proceeds
| The net proceeds from each issue of Notes under the Programme will be used solely to support the Saro’s short-term funding requirements, or as may otherwise be specified in the Applicable Pricing Supplement |
Issuing and Placing Agent(s) (IPA)
| Afrinvest Capital Limited |
Collecting and Paying Agent (s) (CPA)
| Ecobank Nigeria Limited |
Issuing and Placing Agent(s) (IPA)
Programme Document
| Title | Size | Download |
|---|---|---|
| Saroafrica Funding SPV Plc N25bn CP Issuance – Programme Memorandum_fully executed final | 1.77 MB | DownloadPreview |
Issuer Rating (s)
| Title | Size | Download |
|---|---|---|
| Saro Lifecare Limited – 2022 Corporate Rating Report_Final | 657.95 KB | DownloadPreview |
| Saro Agrosciences Limited – 2022 Corporate Rating Report_Final | 724.17 KB | DownloadPreview |
