UAC Raises Long-Term Capital as FMDQ Lists ₦54bn 7-Year Bond
FMDQ Securities Exchange Limited has officially admitted UAC of Nigeria Plc’s ₦54.03 billion Series 1 bond to its platform, strengthening UAC’s access to long-term funding and underscoring renewed confidence in Nigeria’s corporate debt market.
Key Details of the Bond
• Issuer: UAC of Nigeria Plc
• Amount: ₦54.03 billion
• Tenor: 7 years
• Coupon: 17.35% fixed rate
• Programme Size: ₦150 billion Debt Issuance Programme
• Exchange: FMDQ Securities Exchange Limited
The approval was granted by FMDQ’s Board Listings and Markets Committee, highlighting the Exchange’s role in supporting transparent, well-regulated access to long-term capital for corporates.
Why This Bond Matters
For UAC, the successful issuance:
• Broadens its funding base, reducing overreliance on short-term borrowing
• Optimises its capital structure with stable, long-dated financing
• Supports strategic growth initiatives, especially following its recent acquisition of CHI Limited, a major move to deepen its FMCG footprint
UAC’s Group Finance Director, Mrs Funke Ijaiya-Oladipo, described the transaction as a vote of confidence in the company’s fundamentals, brand strength, and long-term strategy. She noted that investor support reflects strong belief in UAC’s transformation and growth trajectory.
Strong Institutional Backing
Stanbic IBTC Capital Limited, the Lead Issuing House and sponsor of the bond listing, emphasised that:
• The transaction showcases UAC’s strong corporate heritage and forward-looking strategy
• The bond gives UAC flexibility to diversify funding, fund expansion, and accelerate growth
• It reinforces confidence in Nigeria’s debt capital market as a viable source of long-term financing
Bigger Market Implications
This listing is another signal that:
• Well-structured corporates can still attract funding despite tight financial conditions
• Fixed-income instruments remain attractive to investors seeking predictable returns
• The Nigerian debt market continues to play a critical role in financing real-sector growth
About UAC
UAC of Nigeria Plc is a diversified conglomerate with over 100 years of history, operating across:
• Food and beverages
• Real estate
• Logistics
• Quick-service restaurants
FMDQ Securities Exchange Limited has officially admitted UAC of Nigeria Plc’s ₦54.03 billion Series 1 bond to its platform, strengthening UAC’s access to long-term funding and underscoring renewed confidence in Nigeria’s corporate debt market.
Key Details of the Bond
• Issuer: UAC of Nigeria Plc
• Amount: ₦54.03 billion
• Tenor: 7 years
• Coupon: 17.35% fixed rate
• Programme Size: ₦150 billion Debt Issuance Programme
• Exchange: FMDQ Securities Exchange Limited
The approval was granted by FMDQ’s Board Listings and Markets Committee, highlighting the Exchange’s role in supporting transparent, well-regulated access to long-term capital for corporates.
Why This Bond Matters
For UAC, the successful issuance:
• Broadens its funding base, reducing overreliance on short-term borrowing
• Optimises its capital structure with stable, long-dated financing
• Supports strategic growth initiatives, especially following its recent acquisition of CHI Limited, a major move to deepen its FMCG footprint
UAC’s Group Finance Director, Mrs Funke Ijaiya-Oladipo, described the transaction as a vote of confidence in the company’s fundamentals, brand strength, and long-term strategy. She noted that investor support reflects strong belief in UAC’s transformation and growth trajectory.
Strong Institutional Backing
Stanbic IBTC Capital Limited, the Lead Issuing House and sponsor of the bond listing, emphasised that:
• The transaction showcases UAC’s strong corporate heritage and forward-looking strategy
• The bond gives UAC flexibility to diversify funding, fund expansion, and accelerate growth
• It reinforces confidence in Nigeria’s debt capital market as a viable source of long-term financing
Bigger Market Implications
This listing is another signal that:
• Well-structured corporates can still attract funding despite tight financial conditions
• Fixed-income instruments remain attractive to investors seeking predictable returns
• The Nigerian debt market continues to play a critical role in financing real-sector growth
About UAC
UAC of Nigeria Plc is a diversified conglomerate with over 100 years of history, operating across:
• Food and beverages
• Real estate
• Logistics
• Quick-service restaurants