FSDH Capital Limited is pleased to inform you of the 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”) which is NOW OPEN and scheduled to close on Monday, 25 September 2023.

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

1. Programme Memorandum;
2. Series 5 and Series 6 Pricing Supplements;
3. Series 5 and Series 6 Commitment Forms;
4. Rating Report by DataPro Limited;
5. Rating Report by Agusto & Co. Limited;
6. United Capital’s PENCOM Compliance Certificate;
7. United Capital Audited Financial Statements (2020-2022); and
8. United Capital H1 2023 Management Account.