What We Offer

Issue Amount (₦’bn)0.54
Tenor (Year)7
Issue DateFeb. 17, 2012
Maturity DateFeb. 17, 2019
Coupon (%)MPR+5%
Yield at Issue (%)N/A
Issue Price (₦)At par
CurrencyNigerian Naira
Coupon FrequencySemi-annual
Issue RatingBBB-,Expired/DataPro; BB/GCR
Use of ProceedsCompany Projects, Investment in Associate Companies and Part Refinancing of Loans
RedemptionPar at maturity
Debt ServiceThe Issuer shall also establish the Payment Account on or before the Closing Date in the name of the Trustee, and pay or cause to be paid from its operating cash flows into the Payment Account such amount(s) that the Payment Account shall be funded 1 (one) Month before a Payment Date, and monies standing to the credit of the Payment Account on such date shall be equal to the aggregate Principal and Interest, or the applicable Interest Amount due (during the Moratorium Period) on such Payment Date
Joint Trustee(s)UBA Trustees Limited
Tax ConsiderationExempted from Nigerian Tax
Offer DocumentPricing Supplement