Issue Amount (₦’bn) | 25.00 |
Tenor (Year) | 7 |
Issue Date | Dec. 14, 2020 |
Maturity Date | Dec. 14, 2027 |
Coupon (%) | 6.25 |
Yield at Issue (%) | N/A |
Issue Price (₦) | At par |
Currency | Nigerian Naira |
Coupon Frequency | Semi-annual |
Issue Rating | A-/Agusto & Co |
Use of Proceeds | Refinance existing short term debt obligations and to take advantage of opportunistic investments. |
Redemption | Par at maturity |
Debt Service | N/A |
Trustee(s) | United Capital Trustees Limited |
Tax Consideration | Exempted from Nigerian Tax |
Offer Document | Pricing Supplement |