UCAP Raises N10bn in Series 1 Bond Issuance

Proshare

Monday, May 25, 2020 / 12:30 PM / NSE / Header Image Credit: Citywire


Aligning with its organizational objectives for the year 2020, United Capital Plc ("the Company") has announced that the Company has successfully raised the sum of N10 billion in its Series 1 Bond issuance under a N50 billion Medium-Term Debt Programme registered with the SEC. The bond issuance, which opened on Monday, May 4, 2020 and closed on Friday, May 15, 2020, was oversubscribed by 24% investor orders, making United Capital the first Issuing House to issue a Corporate Bond in the history of the Nigerian Capital market.


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