UAC of Nigeria Plc Opens N45 Billion Commercial Paper Issuance
UAC of Nigeria Plc (UACN) has launched a N45 billion Commercial Paper (CP) issuance under its N65 billion CP Issuance Programme.
- Offering 182-day and 268-day series at effective yields of 18.5% and 19.5%, respectively.
- The offer is open from October 16, 2025, to October 20, 2025, with settlement on October 21, 2025.
- Available to Qualified Institutional Investors and High Net-worth Individuals, as per SEC's Rule 321.
Repayment of the CP will be funded from the cash flows of the UAC of Nigeria Group.
The notes may be quoted on the FMDQ Exchange platform or any other recognized exchange, offering investors secondary market liquidity.
Author's summary: UACN issues N45 billion commercial paper with up to 19.5% yield.