7.20 NMRC 2-NOV-2027

7.20 NMRC 2-NOV-2027

Series3
Issue Amount (₦’bn)10.00
Tenor (Year)7
Issue DateNov. 2, 2020
Maturity DateNov. 2, 2027
Coupon (%)7.20
Yield at Issue (%)N/A
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencyQuarterly
Issue RatingA+/Agusto&Co
Use of ProceedsTo refinance existing and upcoming NMRC conforming Loans by NMRC participating Financial Institutions in the ordinary course of the Issuer’s business
RedemptionPar at maturity
Debt ServiceN/A
TrusteesStanbic IBTC Trustees Limited, DLM Trust Company Limited, GTL Trustees Limited and FBN Trustees Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement