14.75 OSUN II 10-OCT-2020
Series | 2 |
Issue Amount (₦’bn) | 11.40 |
Tenor (Year) | 7 |
Issue Date | Oct. 10, 2013 |
Maturity Date | Oct. 10, 2020 |
Coupon (%) | 14.75 |
Yield at Issue (%) | N/A |
Issue Price (₦) | At par |
Currency | Nigerian Naira |
Coupon Frequency | Quarterly |
Issue Rating | BBB-/Agusto |
ISIN | NGOSB2019S14 |
Use of Proceeds | To Finance School Construction |
Redemption | Par at maturity |
Debt Service | Monthly deductions of ₦164.93 million from August 2013 to July 2014 and ₦305.68 million from August 2014 to July 2020 from the State’s share of the statutory allocation from the Federation Account into the Sinking Fund |
Trustees | Sterling Asset Management and Trustees Limited and Skye Trustees Limited |
Tax Consideration | Exempted from Nigerian Tax |
Offer Document | Pricing Supplement |