Wema Funding SPV Series II Bond Issuance Closes Today


Monday, 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:

Proshare Nigeria Pvt. Ltd.

The under listed documents are herewith attached:

     i.         The Investor Letter

    ii.         The Series II Pricing Supplement;

    iii.        The Series II Issue Ratings - Agusto and GCR

    iv.        The Series Trust Deed

    v.         The Pencom Clearance Certificate

    vi.        SEC Approval

We look forward to your participation in the Wema Funding SPV Plc Bond Issuance.


Proshare Nigeria Pvt. Ltd.


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