NOW OPEN!!!!!! FSDH Series 6 and Series 7 Commercial Paper Issuances
Dear Esteemed Client,
We are pleased to inform you that the Series 6 and Series 7 Commercial Paper (“CP”) issuances under the FSDH Merchant Bank Limited’s (“FSDH MB ” or the “Bank”) ₦40 billion CP Programme are now open and scheduled to close on Monday, 31 January 2022.
FSDH MB (a subsidiary of FSDH Holding Company Limited) is a private limited liability company duly licenced by the Central Bank of Nigeria to carry on merchant banking activities in Nigeria.
Please see below the indicative terms of the proposed offer:
| Issuer: | FSDH Merchant Bank Limited | |
| Arranger/Dealer: | FSDH Capital Limited | |
| Series: | 6 | 7 |
| Tenor: | 181 days | 268 days |
| Implied Yield (%): | 9.4204% | 10.5000% |
| Discount Rate (%): | 9.0000% | 9.7484% |
| Maturity Date: | Monday, 01 August 2022 | Thursday, 27 October 2022 |
| Target Size: | Up to ₦20 Billion | |
| Offer Open Date: | Wednesday, 26 January 2022 | |
| Offer Close Date: | Monday, 31 January 2022 | |
| Funding Date: | Tuesday, 01 February 2022 | |
| Use of proceeds: | To fund short-term working capital requirements and for general corporate purposes | |
| Issuer Rating: | A (Agusto); A- (GCR) | |
| Minimum Subscription: | ₦5million (multiples of ₦1,000 thereafter) | |
| Tax Consideration: | Free and clear of withholding taxes | |