UAC of Nigeria lists N54.03bn bond on Nigerian Exchange
UAC of Nigeria Plc has listed a N54.03bn Series 1 bond on the Nigerian Exchange Limited, marking a significant step for the company in accessing long-term capital. The bond, part of a N150bn multi-instrument programme, offers investors a fixed coupon and regular payments. The transaction involved several leading financial institutions and underscores the growing role of the Exchange as a multi-asset platform. The listing also highlights the expanding fixed income segment on the NGX.
TLDR
- UAC of Nigeria Plc listed a N54.03bn Series 1 bond on Nigerian Exchange Limited.
- The seven-year senior unsecured bond was admitted to trading on 17 April 2026 and matures on 15 December 2032.
- Investors will receive semi-annual coupon payments on 15 June and 15 December throughout the bond's tenor.
- The offer closed in December 2025 and features a four-year moratorium on principal repayment.
- The transaction was arranged by Stanbic IBTC Capital Limited, Chapel Hill Denham Advisory Limited, Quantum Zenith Capital & Investments Limited, and FCMB Capital Markets Limited.
