United Capital Plc Raises N5.3 billion in Commercial Paper Issuance

Must Read

Benefits Of Face Steaming And How To Do It At Home

Face steaming is one of the hottest skincare trends of the past few years. You can see celebrities and...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
- Advertisement -

United Capital Plc (the Company), a leading Pan-African financial and investment services Group has confirmed that the Company has successfully raised N5.3 billion in a Series 1 and 2 Commercial Paper (“CP”) issuance, under its N20 Billion Programme registered with the FMDQ Securities Exchange.

The Commercial Paper issuance, which was approved by the Company’s shareholders at the Annual General Meeting of March 2018, was subjected to regulatory approvals and borne out of the Group’s strategic initiatives, aimed at providing innovative financing solutions to the Company’s Corporate, Institutional and Government (parastatals, sovereign and sub-sovereigns) clients.

According to the Group CEO, Peter Ashade, “The Commercial Paper issuance will enable us to provide a wider range of wholesale financing solutions to our clients. It will also further complement our stable funding base and support the growth of our overall business.

“The Series 1 & 2 issuances, with tenors of 182 days and 270 days, were largely subscribed to by individual and institutional investors, with interest significantly tilted towards the 270-day offering”. he said

- Advertisement -
United Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read Also:  FMDQ Records ₦165.15 Trillion Turnover In 11 Months
United Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand Spur

Latest News

Saudi Aramco profit crashes 73%, sticks to $75 billion dividend pledge

The world’s largest oil company, Saudi Aramco announced its results for the second quarter and first half of 2020,...

Airtel, Avaya Partner to Enable Remote Work, Learning in Nigeria

Leading telecommunications services provider, Airtel Nigeria, has partnered with Avaya Holdings Corp, to enable organizations in the country to implement remote working and learning...

SMS Traffic Fraud to Drop By 75%, as SMS Business Revenue Reaches $50 Billion by 2025

Hampshire, UK: 10th August 2020: A new study from Juniper Research found that operator revenue from SMS business traffic will reach $50 billion in 2025; increasing from $39.6...

World Breastfeeding Week: Annually over 900,000 infant die globally- Dr. Adeniran

The department of Community and Primary Healthcare of the Lagos State University Teaching Hospital (LASUTH), in collaboration with Abiye Maternal and Child Health Foundation,...

LASG to Revive Badagry Food Production Centre, Restates Commitment to Food Sufficiency

Lagos State Governor, Mr. Babajide Sanwo-Olu has said that the State Government will revive the 279-hectare erstwhile Songhai Food Production Centre, now the Lagos...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -United Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N5.3 billion in Commercial Paper Issuance - Brand Spur