November 21, 2023/FSDH
C & I Leasing Plc is pleased to inform investors that the launch of C&I Leasing Plc’s (“C&I”) up to ₦5 billion Series 3 Commercial Paper Issuance (“Transaction”) under its ₦50 Billion Commercial Paper Issuance Programme is still open.
C&I is the leading player in equipment leasing, logistics and outsourcing in Nigeria, with track record of up to three decades. The Company operates across four major business segments: Marine Services, Fleet management, Personnel Outsourcing and Cititracks. With a staff strength of over 8,000 people and operational offices at key locations across both Nigeria and Ghana, the Company takes pride in its track record of qualitative and exceptional service delivery.
The group comprises; C&I Plc as the parent, with the subsidiaries, namely: Leasafric Ghana Limited; EPIC International FZE, United Arab Emirates; and C&I Leasing FZE, Nigeria. Also, C&I has interest in two Joint Ventures, SIFAX C&I Marine Limited, Nigeria and SIFAX C&I Leasing Marine Limited, Seychelle, East Africa. The company is licensed by the Central Bank of Nigeria as a finance company and currently offers both operating and finance leasing services across its various markets.
C&I Leasing Plc has a stable and experienced executive management team with a history of consistent superior financial performance and returns. The company has a stable outlook, with a short-term rating of A3 by GCR, and BBB- Agusto.
*Kindly note that the yield payable on the Note is subject to Withholding Tax (WHT).
For more information on the proposed offer, please see the link to the transaction documents:
- Programme Memorandum
- Series 3 Pricing Supplement
- Series 3 Commitment Form
- Investor’s Presentation
- GCR Issuer Rating Report
- Augusto & Co Issuer Rating Report
- C&I Leasing Plc’s Audited Financial Statements (2019-2022).
- 3rd Quarter 2023 Unaudited Financial Statement
- 2023 PENCOM Certificate
