United Capital Plc’s N10 billion senior unsecured fixed-rate series I Bond, was listed on the Nigerian Stock Exchange on Tuesday 22 September 2020.
This is according to the Market bulletin issued by the Exchange, signed by Godstime Iwenekhai, the Head Listings Regulation.
The 5-year tenor bond issued on 28 May 2020 has a maturity date of 28 May 2020, and a fixed rate of 12.5% per annum.
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The bond details
The bond description is United Capital Plc’s N10,000,000,000 5 Year 12.5% Senior Unsecured Fixed Rate Series I Bonds Due 2025 Under the N30,000,000,000 Debt Issuance Programme.
The symbol name is 12.50% UCAP MAY 2025.
The symbol code is UCAP2025S1.
The bond volume and price are 10,000,000 and N1,000 respectively.
The coupon payment is semi-annually, and payable in arrears on 28 November and 28 May of each year up to and including the maturity date.
The stockbroker is United Capital Securities Limited.
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About United Capital Plc
The company was incorporated on 14 March 2002, and listed the Nigerian Stock Exchange on 13 January 2013 with a ticker name of UCAP.
The company is into the business of investment banking, trustees, asset management, and stockbroking. UCAP is listed on the main board of the Exchange, under the Financial Services sector and other financial institutions sub-sector.
The company address is Afriland Towers, 95/107, Broad Street, Lagos. At the close of trading on Tuesday, UCAP closed flat at N3.15 per share.
Written by;
Ifunanya Ikueze
