The Nigerian Stock Exchange (NSE) on Tuesday, September 22, 2020, listed on its Daily Official List the United Capital Plc N10 billion 5-year bond.
At a coupon rate of 12.5percent, the senior unsecured fixed-rate series I bond is due 2025. It is under the company’s N30billion Debt Issuance Programme.
The bond offer had opened on May 4, 2020, and closed on May 15, 2020. The stockbroker to the bond offer is United Capital Securities Limited.
The coupon is paid semi-annually and payable in arrears on November 28 and May 28 of each year up to and including the maturity date.
