C &I Leasing Plc’s N7 billion Series one bond which opened on Monday the 21st of May and closed on the 4th of June 2018, has recorded an subscription of 133 per cent.
The debt instrument, which is a 5-year bond will mature in December 2023. This was revealed at the issuance signing ceremony which held in Lagos recently.
The ceremony was attended by the Board of Directors of C & I Leasing, the issuing houses, trustees and other stakeholders involved in the process.
The bond, which is the first series in a N20 billion debt issuance programme, is a senior secured bond with a fixed rate of 16.54 per cent and was issued at a price of N1,000 per unit.
According to the Managing Director of Planet Capital- the lead Issuing House, Efe Akhigbe: “The offer was very successful because of the track record of C & I Leasing as a business with over 25 years of operations in Nigeria.
