UACN Lists N54.03bn Bond On NGX

The seven-year senior unsecured instrument, admitted to trading on April 17, 2026, carries a fixed coupon of 17.35 percent and was issued under UACN’s N150 billion multi-instrument programme.

Priced at par with 54.03 million units at N1,000 each, the bond will mature on December 15, 2032. Investors will receive semi-annual coupcn payments on June 15 and December 15 throughout the tenor. The offer closed in December 2025.

The structure features a four-year moratorium on principal repayment, after which amortisation will commence, with an option for early redemption at the issuer’s discretion.

The transaction was jointly arranged by Stanbic IBTC Capital Limited, Chapel Hill Denham Advisory Limited, Quantum Zenith Capital & Investments Limited, and FCMB Capital Markets Limited, with Chapel Hill Denham Securities Limited acting as stockbroker. Stanbic IBTC Trustees Limited served as trustee, while Africa Prudential Plc was appointed registrar.

This listing highlights NGX’s continued evolution beyond equities, strengthening its fixed income segment and further reflecting its profile as a more diversified, multi-asset marketplace.