New Listings; Chellarams Plc’s

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New Listings; Chellarams Plc’s

March 16, 2012

The Chellarams Plc’s N540 Million Unsecured Floating Rate Bond 2019 of N1,000 each at Par Series 2 under the N5 Billion Medium Term Note Programme on Friday, March 16, 2012. The Coupon rate is MPR + 5 (Minimum 13%, Maximum 19%). Since MPR is currently 12% then the coupon rate is 17%, which is paid Semi-annual – February 17 and August 17 each year, commencing August 17, 2012. The maturity date is February 17, 2019. By this action, the number of corporate bonds and securities stand at 17 and 258, respectively


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