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UPDC Bonds, 16% 26apr2023, NGN (1) (16.00% UPD APR 2023, NGUPD2023S10)

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Domestic bonds, Guaranteed, Senior Unsecured

Status
Matured
Amount
4,355,000,000 NGN
Placement
***
Redemption (put/call option)
*** (-)
ACI
Country of risk
Nigeria
Current coupon
-
Price
Yield / Duration
Reports of guarantors / borrowers / offerers
Guarantor Coronation Merchant Bank
Guarantor FBNQuest Merchant Bank
Guarantor UAC of Nigeria
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
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  • Placement amount
    4,355,000,000 NGN
  • Outstanding amount
    4,355,000,000 NGN
  • Face value
    1,000 NGN
  • ISIN
    NGUPD2023S10
  • CFI
    DBFTFR

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Prospectus (2 pcs.)

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Issue information

Profile
UACN Property Development Company (UPDC) operated first as a department, then as a division of UAC of Nigeria Plc until 1997, when it was incorporated as a public limited liability company. UPDC is involved in the ...
UACN Property Development Company (UPDC) operated first as a department, then as a division of UAC of Nigeria Plc until 1997, when it was incorporated as a public limited liability company. UPDC is involved in the development and management of residential and commercial properties in Nigeria.
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  • Issuer
    Go to the issuer page
    UPDC
  • Full borrower / issuer name
    UPDC
  • Sector
    Corporate
  • Industry
    Miscellaneous Construction
  • Stocks
    UPDC, ordinary share
Volume
  • Placement amount
    4,355,000,000 NGN
  • Outstanding amount
    4,355,000,000 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

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80 234

stocks

167 970

ETF & Funds

70 000

indices

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Why

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Order book
    *** - ***
  • Placement
    ***
  • Initial issue price (yield)
    (***%)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Use of proceeds
    Refinance
  • Use of proceeds description
    After the deduction of the costs and expenses of the Issue, which are estimated at NGN 98,523,365.50 million representing 2.2623% of the gross issue proceeds, the net proceeds amounting to NGN 4,256,476,634.50 will be utilized for refinancing of the Issuer debt facilities.
Participants
  • Bookrunner
    ***

Conversion and exchange

  • Conversion terms
    ***

Similar issues

Identifiers

  • State registration number
    16.00% UPD APR 2023
  • ISIN
    NGUPD2023S10
  • Cbonds ID
    507109
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • CFI
    DBFTFR
  • Type of security by CBR
    ***

Ratings

Bond classification

  • Senior Unsecured
  • Registered
  • Coupon bonds
  • Amortization
  • Guaranteed
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • 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
  • Subordinated
  • Sukuk
  • Trace-eligible
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Restructuring

***

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