United Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance

Must Read

List of United Bank for Africa (UBA) 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 held. The sort...

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 First Bank of Nigeria Sort Codes in Nigeria

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

Following its debut Series 1 & 2 Commercial Paper issuance of N5.3 billion in April 2020, United Capital Plc has successfully raised N15 billion in its recently-issued Series 3 Commercial Paper, under N20 billion programme registered with the FMDQ Securities Exchange.

The Series 3 270-day issuance was issued at a yield of 1.26% and had a subscription of circa 112% with firm commitments from a pool of institutional investors, particularly Asset Managers.

According to the Group Chief Executive Officer, Mr. Peter Ashade,

“The commercial paper issuance is in line with our bid to diversify our funding sources, strengthen our capital base and intensify our strategic initiatives aimed at providing innovative financing solutions to our clients”.

This issuance sets another ground-breaking record in the Nigerian Capital Markets, being the lowest yield on record for a 270-day CP issuance by a non-bank issuer. FSDH Capital Limited, United Capital Plc, and UCML Capital Limited acted as Arrangers to the transaction.

United Capital Plc is a leading financial services group in Africa focused on leveraging technology to empower businesses, individuals, and governments with excellent financial services in Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance while contributing to economic growth and prosperity across Africa by supporting financial inclusion.

Read Also:  President Buhari Nominates Dr Kingsley Obiorah As Central Bank of Nigeria Deputy Governor
- Advertisement -

Since it was founded over 50 years ago, United Capital Plc has cultivated and sustained a heritage of excellence in the finance space in Africa. Its track record of transaction execution, industry leadership and client focus are still unmatched.

It has achieved this by providing top-of-the-line financial services, consistently demonstrating a commitment to execution, excellent service delivery and client satisfaction.

- Advertisement -
United Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N15Bn in Series 3 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.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  FCMB Suspends Proposed N30Bn Commercial Paper Issuance

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

United Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance - Brand Spur

Latest News

PolyU to roll out International Summer School 2021

HONG KONG SAR - Media OutReach - 22 January 2021 - The Hong Kong Polytechnic University (PolyU) is rolling out the International...

China Dynamics Welcomes New International Investors

Shareholding Reflects Industry Confidence in Global Electric Bus Market HONG KONG SAR - Media OutReach - 21 January 2021 - China Dynamics (Holdings) Limited (the "Company"; Stock...

Fourth Quarter 2020 Citi Residential Property Ownership Survey

Over 40% of respondents expect home prices to remain stable in the coming year, undeterred by the fourth wave of the COVID-19 outbreak HONG KONG...

One World International School to launch new, fully Digital Campus in Punggol

This 3rd campus for OWIS in Singapore, which offers International Baccalaureate curriculum, has enrollment capacity of 1500 students from Preschool to Grade 12, and...

【Hong Kong Arts Centre】presents Jockey Club Pop-up Art Park from now to 16 Apr 2021 Experience the virtual and the reality online-to-offline

HONG KONG SAR - Media OutReach - 21 January 2021 - In times of uncertainties, let us search for our own park in the heart. Keeping a...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -United Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance - Brand SpurUnited Capital Plc Raises N15Bn in Series 3 Commercial Paper Issuance - Brand Spur