Bonds
C&I Leasing Plc Lists N10 Billion Senior Secured Fixed Rate Bonds on Nigerian Exchange Limited (NGX)
C&I Leasing Plc has listed N10 billion 7 years 15.5 percent Senior Secured Fixed Rate Bonds due 2028 on the Nigerian Exchange Limited (NGX).
The bonds issued under the company’s N20 billion bond issuance programme has series number two (2) and 10,000,000 at N1,000 par value.
See the remaining details below.
Issuer – C & I Leasing Plc
Security Name – 15.5% CIL JUN 2028
Symbol Code – CIL2028S2
ISIN Code – NGCIL2028S16
Bond Description – 7 Year 15.5% Senior Secured Fixed Rate Bonds Due 2028
Program Amount – N20,000,000,000
Series Number – Two (2)
Volume – 10,000,000
Par value – N1,000
Series Amount – N10,000,000,000
Price – 100% at par
Coupon – 15.5%
Issue Date – 3 June 2021
Maturity Date – 3 June 2028
Tenor – 7 years
Coupon Commencement Date – Coupon shall accrue from the Issue date
Coupon Basis – Fixed rate
Book Building Opened – 21 April 2021
Book Building Closed – 17 May 2021
Stockbrokers are Apel Asset Limited, Bestworth Assets & Trust Limited and Cordros Securities Limited.