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Welcome to the Deliberately Wealthy Club

CP- UNION BANK

CP- UNION BANK

Dear Investor,

 

kindly be informed that the pricing for the Series 2 offer, under the Union Bank of Nigeria PLC N100bn CP Issuance Programme has been reviewed. In addition, the offer closing date has also been extended to Tuesday, 29 January 2019 with the funding date now scheduled for Wednesday, 30 January 2019.

 

Please find below the updated summary of the offer, with reviewed terms highlighted:

 

Issuer: Union Bank of Nigeria PLC
Series: 1 2
Tenor: 90-days 181-days
Target Size: Up to NGN20 billion across both tenors
Discount Rate: 12.83% 14.82%
Implied Yield: 13.25% 16.00%
Offer Opens: Tuesday, 22 January 2019
Offer Closes: Tuesday, 29 January 2019
Settlement Date: Wednesday, 30 January 2019
Issuer Rating: A- (Agusto & Co.); BBB+ (GCR)
Minimum Subscription: NGN5 million
Tax Consideration: Free and clear of withholding taxes