Image Credit: FSDH
February 17, 2022/FSDH Research
the launch of the United Capital Plc (“United Capital” or the “Issuer”) Series 8 Commercial Paper (“CP”) issuance of up to ₦15 billion under the Issuer’s ₦50 billion CP Programme.
United Capital is a leading financial services group in Africa listed on the Nigerian Exchange Limited, with a bouquet of financial service offerings across Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management and Consumer Finance. The Issuer’s unaudited financial statements for 9-months ended September 30, 2021 shows Gross Earnings of N11.3 billion, a 63% PBT margin and total assets of over ₦400 billion. The Company is rated A- by Agusto & Co. and A by Datapro Limited.
This represents United Capital’s 8th CP issuance, following its successful Series 6 and 7 issuances of ₦18.16 billion under the ₦50 billion Programme.
Please find below a summary of the terms of the proposed offer:
Please find the download link for the following documents listed below for your reference:
1. Programme Memorandum;
2. Series 8 Red Herring Supplement;
3. Series 8 Commitment Form;
4. Ratings Report by DataPro Limited;
5. Ratings Report by Agusto & Co. Limited;
6. United Capital’s PENCOM Compliance Certificate;
7. United Capital Plc Audited Financial Statements for 2020;
8. United Capital Plc Unaudited Financial Statements for Q3 2021.
