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United Capital Lists N10Billion Senior Unsecured Fixed Rate Series I Bonds

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United-capital

United Capital N10Billion Senior Unsecured Fixed Rate Series I Bonds

United Capital Plc on Tuesday announced it has listed N10Billion 5 Year 12.5 per cent Senior Unsecured Fixed Rate Series I Bonds Due 2025 Under the N30,000,000,000 Debt Issuance Programme.

In a statement released through the Nigerian Stock Exchange, the company said “United Capital Plc – Listing of United Capital Plc’s N10Billion 5 Year 12.5% Senior Unsecured Fixed Rate Series I Bonds Due 2025 Under the N30,000,000,000 Debt Issuance Programme.”

“Dealing Members are hereby notified that United Capital Plc’s N10Billion 5 Year 12.5% Senior Unsecured Fixed Rate Series I Bonds Due 2025 under the N30,000,000,000 Debt Issuance Programme were today Tuesday, 22 September 2020 listed on Daily Official List of The Nigerian Stock Exchange.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Dividends

Guinness Nigeria to Pay N1 Billion in Dividend in H1 2021

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Dividend - Investors King

Guinness Nigeria Plc on Monday announced a final dividend of N0.46k per 50k ordinary share for the period ended 30 June 2021.

Going by Guinness Nigeria Plc’s total outstanding shares of 2,190,382,819, the company will be paying N1,007,576,096.74 to shareholders for the period.

According to the company, only shareholders whose names appear in the Register of Members as at the close of business on the 28th of September 2021 will be paid. Therefore, the Register of Shareholders will be closed from 29th September 2021 to 4th October 2021.

Dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 28th September 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

However, Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on our Registrars’ website: https://www.veritasregistrars.com/Downloads/new-e-dividend.pdf, complete and submit to the Registrar or their respective Banks.

Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

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Nigerian Stock Exchange

NGX Index Opens the Week in Red, Stock Investors Lose N51 Billion

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) All-Share Index depreciated by 0.25 percent on Monday to settle at 38,864.33 index points, down from 38,962.28 index point recorded on Friday.

Market value of listed equities declined by N51 billion from N20.300 it closed on Friday to N20.249 trillion on Monday.

Investors exchanged 139,453,012 shares worth N1.713 billion in 3,539 transactions during the trading hours of Monday.

University Press Plc led gainers with N0.10 or 9.80 percent to settle at N1.12 a unit while Transcorp Hotels Plc followed with N0.48 or 9.70 percent gain as shown in the table below.

Top 5 Gainers 

Symbols Last Close Current Change %Change
UPL N 1.02 N 1.12 0.10 9.80 %
TRANSCOHOT N 4.95 N 5.43 0.48 9.70 %
COURTVILLE N 0.32 N 0.35 0.03 9.38 %
OANDO N 4.94 N 5.24 0.30 6.07 %
CUTIX N 4.65 N 4.90 0.25 5.38 %

Top 5 Losers

Symbols Last Close Current Change %Change
MANSARD N 3.32 N 2.99 -0.33 -9.94 %
CHAMS N 0.23 N 0.22 -0.01 -4.35 %
SOVRENINS N 0.25 N 0.24 -0.01 -4.00 %
MBENEFIT N 0.30 N 0.29 -0.01 -3.33 %
BUACEMENT N 68.00 N 66.00 -2.00 -2.94 %

Top 5 Trades

Symbols Volume Value
SOVRENINS 19078615.00 4395227.35
FIDELITYBK 11853982.00 29010046.30
GTCO 11146052.00 307075817.00
TRANSCORP 10050568.00 9302308.29
COURTVILLE 7951977.00 2679758.84

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Bonds

$4 Billion Eurobond to Deepen External Reserves, Build Confidence in Medium-term – Ecobank CEO

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Eurobonds - Investorsking

The Cheif Executive Officer and Managing Director of Ecobnak Nigeria, Patrick Akinwuntan, has said the recent $4 billion Eurobond issued by the Federal Government of Nigeria will deepen external reserves and allows more confidence in the medium-term planning in the private sector.

Akinwuntan, who was assessing the global market as Nigeria announced its multibillion dollar Eurobond offering, during an interview on Arise TV in Lagos, said such loans would give a fresh breath to the economy because when the country takes on Euro bond that portion is reduced from its financing or public sector debt.

He advised those approaching the international debt market to have clarity of purpose and state their strengths and weaknesses.

Akinwuntan said the economy is showing strong trends owing to investments in infrastructure such as road and rail transportation, which is giving a lot of positive impact to the economy, adding that the private sector is also making improvements in power sector, telecoms, and information technology.

He said: “In the last two quarters, we have seen the global market rebounding from the very deep end of the COVID-19 that plagued 2020. We have seen, since the arrival of vaccines, the gradual opening of the global economy such that there is much more optimism in the market because we have learnt that shutting down the economy is not the best way to handle an epidemic and we have seen support from sovereigns, ensuring that there is steady growth within the various economies; supply chain has opened and we have seen in sub-Sahara Africa renewed interest in the Eurobond market in the international debt market. We have seen Benin republic, Ghana, Cote d’ivoire and Kenya all are approaching the market with significant success.

“Over subscription in each of them ranges from 200 per cent to 300 per cent and an all-high in Kenya close to 600 per cent or six times over subscription. This is a positive period for major economies like Nigeria, which is the lead economy in Africa, to take advantage and invite the global community to hear our story, invest in us and get good returns.”

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