November 28, 2022



Six corporations elevate N246.28bn company bonds in 6 months

Six Nigerian corporations issued company bonds value N246.28 billion with a purpose to enhance their steadiness sheet and scale up their operations throughout the half-year ended June 30, 2022.

The key offers consummated within the Nigerian company scenes throughout the interval are: Dangote Cement, Sub-Saharan Africa’s largest cement producer which raised N116 billion within the largest company bond issuance within the historical past of the Nigerian capital market.

It was adopted by Shelter Afrique, the pan-African growth finance establishment, raised N46 billion ($110.7 million) Sequence 1 Fastened Fee Senior Unsecured Bond Issuance in Nigeria’s capital market beneath its N200 billion ($481.3 million) bond issuance programme.

Presco Plc throughout the interval beneath evaluate additionally introduced the issuance of N34.5 billion Sequence 1 7-year Fastened Fee bonds beneath its N50 billion bond issuance programme and FMDQ Securities Trade Restricted via its Board Listings and Markets Committee admitted the itemizing of the Ardova Plc N11.44 billion Tranche A and N13.86 billion Tranche B Sequence 1 Fastened Fee Bonds beneath its N60.00 billion Bond Issuance Programme on its platform. In the identical vein Entry Holdings PIc introduced the profitable closure of its $50 million (N20.98 billion) Reg S Step-Up Inexperienced Notes due 2027 within the worldwide capital market. The corporate disclosed this in an announcement made accessible on the web site of the Nigerian Trade Ltd. (NGX).

FMDQ Securities Trade Restricted admitted for itemizing on its platform, the Eat & Go Finance SPV PLC N3.50 billion Sequence 2 Fastened Fee Bond beneath its N15.00 billion Bond Issuance Programme. In response to the corporate, Eat & Go Finance SPV Plc is a particular objective funding automobile established by Eat ‘N’ Go Restricted to lift finance from the debt capital market via the itemizing of debt securities.

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