UAC Concludes Maiden N18.87bn Commercial Paper Issue

UAC of Nigeria PLC (“UAC” or the “Company”) is pleased to announce the successful completion of its ₦18.7 billion Series 1 and 2 Commercial Paper issuance (the “CP Issuance”), the debut issuance under its recently established ₦45 billion Commercial Paper Programme.

UAC’s CP Issuance was very well received and attracted significant demand from a wide range of investors including pension fund administrators, asset managers, insurance companies and high net-worth individuals. The CP Issuance comprised two tenors – a 90-day Series 1 issuance which priced at 8.00% yield, and a 181-day Series 2 issuance which priced at 8.25% yield. This reflects the strong credit quality of the Company and investors’ positive sentiment towards UAC’s operations and strategy.

View Statement

Share This

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp

Related News