First Bank MandatesCitigroup, Renaissance Capital, Standard Chartered as Joint Bookruners Ahead of Note Issuance

The First Bank of Nigeria Ltd, one of the nation’s leading financial institutions, has appointed Citigroup Global Markets Limited, Renaissance Capital and Standard Chartered Bank as Joint Bookrunners to oversee a Global Investor Call.

This, the bank said is in addition to a series of individual and small group investors meetings starting today, October 14, 2020.

The bank, therefore, stated that a USD 144A/RegS Senior Unsecured transaction with a 5-year maturity will follow, subject to market conditions.

In the statement signed by Seye Kosoko, Company Secretary and released through the Nigerian Stock Exchange (NSE), the lender said “Kindly note that this announcement is not being made in, and copies of it may not be distributed or sent into, the United States (except that it may be sent in the United States directly to qualified institutional buyers, as defined in rule 144a under the U.S. Securities Act of 1933, as amended, that are also qualified purchasers, as defined in section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended), Canada, Australia, Japan, Nigeria or any other jurisdiction where to do so would be unlawful. Recipents of this announcement may not forward this to any other person resident in Nigeria. First Bank of Nigeria Limited will not be liable for violation of Nigeria’s securities laws where recipient forwards this announcement to other persons resident in Nigeria.“