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FSDH Merchant Bank Bonds, 8% 16feb2026, NGN (1, B) (FIGI BBG010Z20FS1, 8.00% FSDH FEB 2026, NGFSD2026TA1)

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Domestic bonds, Subordinated Unsecured

Status
Matured
Amount
4,950,000,000 NGN
Placement
***
Redemption (put/call option)
*** (-)
ACI
Country of risk
Nigeria
Current coupon
-
Price
Yield / Duration
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  • Placement amount
    4,950,000,000 NGN
  • Outstanding amount
    4,950,000,000 NGN
  • Face value
    1,000 NGN
  • ISIN
    NGFSD2026TA1
  • CFI
    DBFUFR
  • FIGI
    BBG010Z20FS1

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Prospectus (2 pcs.)

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Issue information

Profile
FSDH Merchant Bank Limited is a subsidiary of FSDH Holding Company. The bank provides a wide range of premium investment solutions.
Research report by Cbonds-PRAAMS Save
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Volume
  • Placement amount
    4,950,000,000 NGN
  • Outstanding amount
    4,950,000,000 NGN
Face value
  • Face value
    1,000 NGN
  • Outstanding face value
    *** NGN
  • Increment
    *** NGN
Listing
  • Listing

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Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

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Early redemption terms

***

Explore the most comprehensive database

1 000 000

bonds

80 234

stocks

167 970

ETF & Funds

70 000

indices

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×

— Are you looking for the complete & verified bond data?

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full data on over 900 000 bonds, 80 000 stocks, 116 000 ETF & Funds; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.

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Why

You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
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Placement

  • Placement method
    Open subscription
  • Placement type
    Private
  • Order book
    *** - ***
  • Placement
    *** - ***
  • Initial issue price (yield)
    (***%)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Use of proceeds
    Tier 2 Capital - Non-specific
  • Use of proceeds description
    The proceeds of the Series 1 (Tranche A and Tranche B) Bond issuance, which are estimated at 11,787,249,950, after deducting issue costs (including VAT) of 212,750,050 representing 1.77% of the issue, shall be applied as follows: fund growth of risk assets. A portion of the Bonds issuance will serve the dual purpose of shoring up the bank Tier 2 Capital - Non-specific, in line with the Internal Capital Adequacy Assessment Process (ICAAP) of the Bank.
Participants
  • Bookrunner
    ***, ***, ***, ***

Conversion and exchange

  • Conversion terms
    ***

Latest issues

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Identifiers

  • State registration number
    8.00% FSDH FEB 2026
  • ISIN
    NGFSD2026TA1
  • Cbonds ID
    1161895
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • CFI
    DBFUFR
  • FIGI
    BBG010Z20FS1
  • Type of security by CBR
    ***

Bond classification

  • Subordinated Unsecured
  • Registered
  • Coupon bonds
  • Subordinated
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Non-complex financial instruments (MiFID)
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Sukuk
  • Trace-eligible
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Restructuring

***

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