SCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance

Must Read

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...

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...
- Advertisement -

Standard Chartered Bank, (SCB) alongside three other banks, acted as Global Coordinator on Seplat’s $650m five-year bond.

The bond, priced at a yield and coupon of 7.75%, a significant improvement over the 9.25% coupon and initial yield of 9.50% of Seplat’s debut corporate bond issued in 2018.

The transaction was successfully executed in a challenging market backdrop demonstrating global investors’ confidence in Seplat and Standard Chartered’s deep knowledge of the Oil & Gas industry, access to a diverse investor pool, and strong relationships with the key stakeholders.  This transaction is the largest Nigerian oil and gas bond ever priced in international markets.

Standard Chartered remains the only bank that has led and served as Global Coordinators on all high yield Africa-linked oil and gas bond transactions since 2018 underscoring our unparalleled leadership in the space.

- Advertisement -

Standard Chartered’s Executive Director, Corporate, Commercial and Institutional Banking, Nigeria & West Africa, Mr. Olukorede Adenowo noted that “Standard Chartered is proud to partner with Seplat on this landmark transaction which is the largest Nigerian oil and gas bond issuance by a corporate issuer.

“The success of this issuance, in the current challenging environment, demonstrates investors’ confidence in the Seplat strategy as a leading independent energy supplier. We continue to work with our clients across Africa to deliver on their growth aspirations

- Advertisement -
SCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance - Brand SpurSCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond 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

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

SCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance - Brand SpurSCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance - Brand Spur

Latest News

Europa League: Arsenal in Tough Spot After Home Draw

UEFA Europa League quarter-finals return leg will be played on Thursday evening at 8 pm live on StarTimes. Aubameyang’s Arsenal...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -SCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance - Brand SpurSCB Acts As Global Coordinator On Seplat’s $650m Corporate Bond Issuance - Brand Spur