FSDH Capital Limited is pleased to inform you of the upcoming launch of the United Capital Plc (“United Capital” or the “Company”) Series 5 & 6 Commercial Paper offer of up to ₦15 billion under its ₦100 billion Commercial Paper Issuance Programme (the “Offer”).

United Capital is a leading pan-African financial and investment services group, providing bespoke value-added services to its clients. The Company is listed on the Nigerian Exchange Limited and positioned to play a strategic role in helping African governments, corporates, and individuals achieve their strategic objectives through a robust suite of financial service offerings under its subsidiary businesses – Investment Banking, Asset Management, Trusteeship, Securities Trading and Consumer Finance.

United Capital has an Issuer rating of AA- and A- from DataPro Limited and Agusto & Co Limited, respectively. The Company has maintained its success streak over the years, with Gross Earnings growing by 21% year-on-year to ₦11.01 billion, Profit Before Tax growing by 6% year-on-year to ₦5.54 billion and total assets growing by 34% to ₦805.77 billion by the end of H1 2023. United Capital’s Return on Average Equity for FY 2022 stood at 30%, highlighting strong value creation for over 260,000 shareholders.

Please see below indicative terms of the Offer:

Please be reminded that this offer is restricted to Qualified Institutional Investors as defined in FMDQ rules.

Please click this  link to access the offer documents listed below for your reference:

• Programme Memorandum;
• Rating Report by DataPro Limited;
• Rating Report by Agusto & Co. Limited;
• United Capital’s PENCOM Compliance Certificate;
• United Capital Audited Financial Statements (2020-2022); and
• United Capital H1 2023 Management Account.