Culled—Proshare

November 8, 2020

by Arthur Steven Asset Mgt

The Flour Mills of Nigeria PLC (“Flour Mills” or “FMN”) 5 year and 7-year bond Issue is imminent.

In its over five-decade history, FMN has been notable for:

Strong Brand & Reputation – FMN’s Golden Penny brand continues to be one of the best known and the preferred brand amongst bakers, confectioneries and consumers in Nigeria.

Strong Industry Leadership – The quality of its products as well as its support initiatives has led to dominant market position.

Experienced & Stable Management Team – The Senior management team has vast local and international experience in the consumer sector. Most of the members of the senior management team have been in the Flour Mills Group for more than 10 years.

Corporate Governance Practices – Sound governance, risk management and compliance culture in adherence to international best practices Sustained Positive.

Financial Trajectory – FMN has continued to thrive in recent years, recording decent performance despite the macro-economic headwinds and challenges faced in Nigeria’s consumer goods market.

Please find below the indicative terms of the Offer:

We look forward to your participation in the Flour Mills of Nigeria PLC 5 and 7-Year Bond issue of up to N30 billion.

For further information; kindly send a request via info@arthursteven.com