Invest in Flour Mills Tranche A and Tranche B Bonds Issuance Programme

Proshare

Tuesday, February 04, 2020 11:16 AM / By Arthur Stevens Asset Mgt / Header Image Credit: FMN

 

We are pleased to inform you of the up to NGN20 Billion Series 3, Tranche A and Tranche B Bonds ("transaction" or the "Issuance") under the Flour Mills of Nigeria PLC ("Flour Mills" or the "FMN") NGN70 Billion Bond Issuance Programme.

 

In its over five-decade history, FMN has been notable for:

 

1. Strong Brand & Reputation - FMN's Golden Penny brand continues to be one of the best known and the preferred brand amongst bakers, confectioneries and consumers in Nigeria

 

2.  Strong Industry Leadership - The quality of its products as well as its support initiatives has led to dominant market position

 

3. Experienced & Stable Management Team - The Senior management team has vast local and international experience in the consumer sector. Most of the members of the senior management team have been in the Flour Mills Group for more than 10 years

 

4. Strong Corporate Governance Practices - Sound governance, risk management and compliance culture in adherence to international best practices

 

5. Sustained Positive Financial Trajectory - FMN has continued to thrive in recent years, recording decent performance despite the macro-economic headwinds and challenges faced in Nigeria's consumer goods market

 

FMN will use the proceeds of the proposed Bond Issuance to restructure its debt profile by refinancing existing loans. The proposed fund raising is in line with the Company's long-term strategic plans:

 

a.      strengthen the Company's capital base by deleveraging its balance sheet;

 

b.     support its working capital needs;

 

c.      position the Company to exploit value-accretive opportunities; and

 

d.   give the Company greater operational and financial flexibility to ensure business growth and continuity.

 

Please see below a summary of the indicative terms of the offer.

Proshare Nigeria Pvt. Ltd.

For further information; kindly send a request via info@arthursteven.com

 

Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.

 

Related News - Flour Mills Of Nigeria Plc

1.     FLOURMILL Declares N8.16bn PAT in Q3 2019 Result, (SP:N22.35k)

2.     FLOURMILL Issues Up To N20bn In 3-Yr and 5-Yr Series 3 Bonds

3.     FLOURMILL Declares N4.24 billion PAT in Q1 2020 Results,(SP:N14.85k)

4.     FLOURMILL Declares N4.00bn PAT in 2019 Audited Result,(SP:N16.20k)

5.     FLOURMILL Notifies of Late Filing of the Company's 2019 AFS

6.     FLOURMILL Notifies of a Court Ordered Meeting of the Share Holders of the Company

7.     FLOURMILL Declares N7.89 bn PAT in Q3'19 Results,(SP:N19.00k)

8.     Flour Mills of Nigeria Plc Q1 2019 Conference Call and Earnings ...

9.     FLOURMILL to Hold Its 58th AGM on Thursday, 3oth August 2018

10. FLOURMILL Announces to Pay Final Dividend for the Year Ended 31st March 2018

11. Conference Call Memo on Flour Mills of Nigeria Plc FY 2018 Results

12. FLOURMILL to Hold Its AGM on Thursday, 30th of August, 2018

13. Flour Mills of Nigeria Q4 2018 Results - Sales Down by -14% YoY to N115.16bn

14. FLOURMILL Declares N13.62bn PAT in 2018 Audited Result,(SP:N32.00k)

15. Flour Mills of Nigeria Plc Rights Issue Closes on 21 February 2018

16. Flour Mills of Nigeria Plc Proposed 1.48bn Rights Issue

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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

 

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