Customary Chartered Financial institution, alongside three different banks, acted as World Coordinator on Seplat’s $650m five-year bond. The bond, priced at a yield and coupon of seven.75%, a major enchancment over the 9.25% coupon and preliminary yield of 9.50% of Seplat’s debut company bond issued in 2018.
The transaction was efficiently executed in a difficult market backdrop demonstrating world buyers’ confidence in Seplat and Customary Chartered’s deep information of the Oil & Fuel trade, entry to numerous investor pool and robust relationships with the important thing stakeholders. This transaction is the most important Nigerian oil and gasoline bond ever priced in worldwide markets.
Customary Chartered stays the one financial institution that has led and served as World Coordinators on all excessive yield Africa-linked oil and gasoline bond transactions since 2018 underscoring our unparalleled management within the area.
Customary Chartered’s Govt Director, Company, Industrial and Institutional Banking, Nigeria & West Africa, Mr. Olukorede Adenowo famous that “Customary Chartered is proud to accomplice with Seplat on this landmark transaction which is the most important Nigerian oil and gasoline bond issuance by a company issuer. The success of this issuance, within the present difficult setting, demonstrates buyers’ confidence within the Seplat technique as a number one impartial vitality provider. We proceed to work with our shoppers throughout Africa to ship on their progress aspirations”
For extra info, please contact:
Head, Company Affairs, Model and Advertising
Customary Chartered Financial institution Nigeria Restricted
+234 802 931 4012
About Customary Chartered
We’re a number one worldwide banking group, with a presence in additional than 60 of the world’s most dynamic markets. Our goal is to drive commerce and prosperity via our distinctive range, and our heritage and values are expressed in our model promise, Right here for good.
Customary Chartered PLC is listed on the London and Hong Kong Inventory Exchanges in addition to the Bombay and Nationwide Inventory Exchanges in India.