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First Bank of Nigeria, 8% 23jul2021, USD (FIGI RegS BBG006TLYTZ9, XS1090370104, WKN A1ZMF0)

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International bonds, Variable rate, Senior Subordinated Unsecured

Issue | Borrower
Borrower
  • M
    ***  | ***
    ***
  • S&P
    ***  | ***
    ***
  • F
    ***  | ***
    ***
Status
Early redeemed
Amount
450,000,000 USD
Placement
***
Early redemption
*** (-)
ACI
Country of risk
Nigeria
Current coupon
-
Price
Yield / Duration
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    450,000,000 USD
  • Outstanding amount
    450,000,000 USD
  • Minimum Settlement Amount
    200,000 USD
  • ISIN RegS
    XS1090370104
  • Common Code RegS
    109037010
  • CFI RegS
    DAVSGR
  • FIGI RegS
    BBG006TLYTZ9
  • Ticker
    FBNNL V8 07/23/21 REGS

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Trading chart

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Bond is not traded; the issue is redeemed
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Data display in a chart | table
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Work with the chart: switching the price, period, issue comparison
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Issue information

Profile
First Bank of Nigeria is a Nigerian bank and financial services firm. It is the country's third biggest bank. At the end of September 2011, the bank had assets totaling approximately US$18.6 billion (NGN:2.9 trillion). The bank's ...
First Bank of Nigeria is a Nigerian bank and financial services firm. It is the country's third biggest bank.
At the end of September 2011, the bank had assets totaling approximately US$18.6 billion (NGN:2.9 trillion). The bank's profit after tax, for the nine months ending 30 September 2011 was approximately US$270.2 million (NGN:42.2 billion).
First Bank of Nigeria maintains a subsidiary in the United Kingdom, FBN Bank (UK), which has a branch in Paris. The bank also has representative offices in South Africa and China. In October 2011, the bank acquired Banque International de Credit (BIC), a leading bank in the Democratic Republic of Congo (DRC).
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Volume
  • Placement amount
    450,000,000 USD
  • Outstanding amount
    450,000,000 USD
Face value
  • Minimum Settlement Amount
    200,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
  • Face value
    1,000 USD
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
    ***
  • Early redemption date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot
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Early redemption terms

***

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Coupon (Yield) Guidance
    (*** - ***%)
  • Placement
    ***
  • Initial issue price (yield)
    (***%)
  • Bids
    *** USD
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • Use of proceeds
    General Banking Purposes
  • Use of proceeds description
    An amount equal to the gross proceeds of the issue of the Notes will be used by the Issuer for the sole purpose of financing the purchase of the Subordinated Note to be issued by the Bank on the issue date of the Notes. The proceeds of the Subordinated Note will be used by the Bank for general banking purposes.
Participants
  • Bookrunner
    ***, ***
  • Arranger Legal Adviser (Domestic law)
    ***
  • Arranger Legal Adviser (International law)
    ***
  • Issuer Legal Adviser (Domestic law)
    ***
  • Issuer Legal Adviser (International law)
    ***
  • Issuer Legal Adviser (Listing law)
    ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

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Latest issues

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Similar issues

News

26/10/2020 New bond issue: First Bank of Nigeria issued international bonds (XS2243733685) with a 8.625% coupon for USD 350.0m maturing in 2025
05/08/2013 New bond issue: First Bank of Nigeria sells USD 300m in 2020 bonds with 8,25% coupon
All organization news

IFRS/US GAAP reports

2018
II q eng
2017
III q eng
IV q eng
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Identifiers

  • ISIN RegS
    XS1090370104
  • Cbonds ID
    85275
  • ISIN 144A
    ***
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    109037010
  • CFI RegS
    DAVSGR
  • CFI 144A
    DBFUGR
  • FIGI RegS
    BBG006TLYTZ9
  • FIGI 144A
    BBG006TLY7H7
  • WKN RegS
    A1ZMF0
  • WKN 144A
    A1ZNS9
  • Ticker
    FBNNL V8 07/23/21 REGS
  • Type of security by CBR
    ***
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Ratings

Bond classification

  • Senior Subordinated Unsecured
  • Registered
  • Loan Participation Notes
  • Coupon bonds
  • Variable rate
  • Subordinated
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • 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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