Culled—Proshare
June 25, 2019/Stanbic IBTC Stockbrokers
FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited and Stanbic IBTC Capital Limited are pleased to inform you that the Nigerian Breweries PLC Series 3 & 4 Commercial Paper (“CP’) offer under its renewed N100 billion CP Programme is now open.
Please see below a summary of the terms of the offer.
| Issuer: | Nigerian Breweries PLC | ||
| Series: | 3 | 4 | |
| Tenor: | 91 days | 172 days | |
| Target Size: | Up to N15 billion | ||
| Discount Rate: | 13.0604% | 12.9133% | |
| Implied Yield: | 13.5000% | 13.7500% | |
| Offer Open Date: | Monday, 24 June 2019 | ||
| Offer Close Date: | Friday, 28 June 2019 | ||
| Settlement Date: | Monday, 01 July 2019 | ||
| Maturity Date: | Monday, 30 September 2019 | Friday, 20 December 2019 | |
| Issuer Rating: | Aa (Agusto); AA (GCR) | ||
| Minimum Subscription: | NGN5 million | ||
| Tax Consideration: | Free and clear of withholding taxes | ||
Please find attached the following documents for your records/reference:
- Valid ratings report by Agusto
- Valid ratings report by GCR
- Valid PenCom Compliance Certificate
- Series 3 and 4 Pricing Supplements
- Series 3 and 4 Commitment Forms
