VETIVA S&P NIGERIAN SOVEREIGN BOND ETF

Fund Name:VETIVA S&P NIGERIAN SOVEREIGN BOND ETF
Fund Manager:Vetiva Fund Managers Limited
Issuing Houses: Lead:Vetiva Capital Management Limited
Joint:N/A
Trustees to the Fund:Union Trustees Limited
The Offer:5,070,359.00 Units of 0.5x of the value of the S&P Nigerian Sovereign Bond
Nature of the Fund:The ETF units represent an agreement entered into between the Holder and the ETF Trust, in terms of which the Fund Manager transfers a basket of the underlying Bond securities to the Holder, delivery of which is deferred until required by the Holder and subject to minimum value thresholds. Holders will receive distributions equal pro rata to the Fund Income less expenses, if approved by the Trustee and the SEC.
Offer Price:0.5x of the value of the S&P Nigerian Sovereign Bond on the day preceding subscription
Offer Size:5,070,359.00 units at an indicative price approximately equal to 0.5x of the value of the S&P Nigerian Sovereign Bond Index
Units of Sale:N/A
Rating:N/A
Holding Period:N/A
Redemption:Investors who chose not to trade on the Secondary market may purchase/sell units of the ETF through process of creation/redemption. This allows investors who wish to acquire or dispose at least 1 block of the ETF securities , to do so either via cash/in-kind subscription or in-kind redemption only
Offer DocumentProspectus