NOW OPEN!!!!!! FSDH Series 6 and Series 7 Commercial Paper Issuances




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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