In furtherance of its commitment to advancing Nigeria’s debt capital markets and facilitating sustainable economic development, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the listing of UAC of Nigeria PLC’s ₦54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its ₦150.00 billion Issuance Programme. This approval, granted by the Exchange’s Board Listings and Markets Committee, underscores the Exchange’s pivotal role in enabling corporate entities to access long-term capital through transparent and well-regulated debt instruments.

UAC of Nigeria PLC (the “Issuer” or “UACN”), a diversified conglomerate with a century-long heritage, operates in key sectors of the Nigerian economy, including food and beverages, real estate, logistics, and quick-service restaurants. The proceeds from the bond issuance, sponsored by a consortium of reputable firms including Stanbic IBTC Capital Limited (Lead Sponsor), Chapel Hill Denham Advisory Limited, FCMB Capital Markets Limited, and Quantum Zenith Capital & Investments Limited (Co-Sponsors), all Registration Members (Listings) of FMDQ Exchange, will be strategically allocated to refinance existing obligations, fund capital expenditure programmes, and strengthen the Issuer’s working capital, thereby enhancing operational efficiency and expanding capacity across UACN’s diverse business verticals.

Reacting to the bond listing, the Group Finance Director, UACN, Mrs Funke Ijaiya-Oladipo stated “UACN is pleased to have successfully completed this landmark bond issuance in the Nigerian debt capital markets. The strong outcome of this transaction is a testament to our sound business fundamentals, the resilience of our brands, and the confidence the market continues to place in us. This issuance broadens our funding base and better positions the Company to advance its strategic initiatives, including the integration and growth of CHI Limited following our recent acquisition. We appreciate the unwavering support of the investor community and the dedication of our advisers throughout this process.”

Commenting on the transaction, the Sponsor of the bond listing on FMDQ Exchange, Stanbic IBTC Capital Limited, through its Chief Executive, Mr Oladele Sotubo, commented “Stanbic IBTC Capital is delighted to have served as Lead Issuing House to UACN on this successful bond issuance. As Nigeria’s foremost investment banking franchise, we remain steadfast in our commitment to enabling high‑quality issuers access the Nigerian debt capital markets. UACN’s distinguished heritage and ambitious strategic direction, including the acquisition of CHI Limited to further strengthen its FMCG portfolio, highlight the significance of this transaction. This issuance provides UACN with a valuable opportunity to diversify its funding mix, optimise its capital structure, and accelerate its growth trajectory. Together with the Joint Issuing Houses, we appreciate the trust and confidence reposed in us by the Board and Management of UACN to guide this transaction to a successful completion.”

FMDQ Exchange aims to transform the Nigerian capital markets by providing a world-class, technology-enabled platform that aligns with international standards. Through its commitment to transparency, regulatory excellence, and market integrity, the Exchange empowers corporate issuers with seamless access to capital, driving industrial growth, job creation, and broad-based economic progress.

FMDQ Group PLC (“FMDQ Group”) is Africa’s first vertically integrated financial market infrastructure (“FMI”) group, strategically positioned to provide registration, listing, quotation and noting services for financial markets securities; an integrated trading platform, clearing & central counterparty, and settlement services for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, derivatives and equity markets, among others, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.