Proshare Logo
   Market Date: 27-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

FAML Eurobond: Alternative investment projects 51.78% return

Category: Public Offers Private Placements

  Read (4074)
FAML Eurobond: Alternative investment projects 51.78% return


Proshare NI
May 22, 2009 at 16:40 GMT
FAML Eurobond Guaranteed Investment Note has projected 51.78 percent (51.78%) returns to investors who take part in the alternative investment opportunity.
This was contained in a mail dated May 18 2009 and sent to Proshare NI by FSDH Asset Management Limited (FSDH).
The mail reads thus: “In the face of the current market conditions, FSDH Asset Management Limited is pleased to provide you with an alternative investment opportunity.
We hereby invite you to invest in the FAML Eurobond Guaranteed Investment Note. This is a U.S. $ denominated closed end fund with an effective yield to maturity of 18% per annum over a period of three (3) years.
The objective of the fund is to enable investors achieve stable and consistent income flows” the mail states.
From the Information Memorandum made available to Proshare NI, the Fund is being issued by FSDH Asset Management; a wholly owned subsidiary of First Securities Discount House Limited (FSDH).
The Information Memorandum affirms that the underlying assets of the Fund are Notes issued by the GTB Finance B.V incorporated with limited liability in the Netherlands and unconditionally and irrevocably guaranteed by Guaranty Trust Bank Plc (GTB) in Lagos Nigeria.
FSDH affirmed in the Information Memorandum that investors who are interested in the closed end fund are allowed to make an initial minimum subscription of $50,000 (N7.350 million) with multiplies of $10,000 (N470, 000) as per current official Exchange Rate.
“The structure period will be in place for a period of three (3) years ending February 03 2012. On minimum investment amount, the Note will pay a semi-annual coupon of $2, 567.95 which is a semi-annual effective rate of 5.14%” FSDH affirmed.
Proshare NI from the Information Memorandum gathered that throughout the life of the Note, interest payment will be paid six (6) times totalling $15,419.68. “At the end of the structure period, Noteholders will be paid the redemption value of $60,469.35” the Memorandum states.
Maturity date for the closed end fund is February 03 2012, “however, should a Noteholder wish to exit, before maturity date, FAML will, on a best effort basis, attempt to find a buyer to purchase at a price determined by Market forces and agreed by the seller” it said.

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Public Offers Private Placements

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014