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Nairaland Forum / Nairaland / General / Investment / UBA To Issue US Denominated Senior Unsecured Bond (496 Views)
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UBA To Issue US Denominated Senior Unsecured Bond by postbox: 11:40am On Nov 09, 2021 |
UBA has announced plans to issue a new senior unsecured bond with a 5-year maturity under its Global Medium Term Note Programme. The leading financial institution disclosed in a statement forwarded to the Nigerian Exchange Limited and notified the bourse that it has mandated Citigroup Global Markets Limited, Mashreqbank psc, Renaissance Securities (Cyprus) Limited, Standard Chartered Bank, and United Capital PLC as Joint Lead Managers to arrange a global investor call in addition to a series of fixed income investor meetings (each of which will not constitute a public offer in Nigeria) commencing on November 8, 2021. In connection with the new bond offering, UBA proposes to redeem its outstanding US$500mn 7.750% 2022 bonds (US91339TAA51 | XS1623828966) and will announce today a cash tender offer for any and all of the outstanding bonds (the “Tender Offer”). Citigroup Global Markets Limited, Mashreqbank psc, Renaissance Securities (Cyprus) Limited, and Standard Chartered Bank are dealer managers for the Tender Offer. SOURCE:https://brandspurng.com/2021/11/09/uba-to-issue-us-denominated-senior-unsecured-bond/
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