October 08, 2018 / 10:20 AM / Arthur Steven Asset Management Research
We are pleased to notify you of the investment opportunity in Wema Funding SPV Plc ("Wema SPV'' or ''the SPV'); Bond Issuance of up to N20 billion under its N70 billion Bond Issuance Programme that is being undertaken on behalf of Wema Bank Plc (the Sponsor).
The proceeds from the Issue will be applied as indicated in the Pricing Supplement. The Security Trust for the Bond includes a warehousing of 45% of the proceeds of the Bond by the Trustee in Federal Government of Nigeria Treasury Bills.
The book build commenced on Friday, 28th September, 2018 and concludes today, Monday, 8th of October, 2018.
Please find below for your perusal a summary of the terms of the offer:
The under listed documents are herewith attached:
vi. SEC Approval
We look forward to your participation in the Wema Funding SPV Plc Bond Issuance.