FSDH Funding SPV Plc Offered for Subscription of N5,530,000,000 3 Year 14.25% Fixed Rate Senior Unsecured Bond Due 2016 under the N100,000,000,000 FSDH Funding SPV Plc Debt Issuance Programme. FBN Capital acted as the Lead Issuing House on the N5.53 billion Fixed Rate Bond issue for FSDH Funding SPV, a financing vehicle guaranteed by FSDH Merchant Bank. This transaction represents the first tranche of the firm’s N100billion Debt Issuance Programme.
FSDH Merchant Bank and FSDH Funding SPV Plc entered a Notes Issuance Agreement whereby senior, unsecured notes issued by FSDH Merchant Bank would be purchased by FSDH Funding SPV Plc. Stanbic IBTC Capital and UBA Capital participated on this transaction as Joint Issuing Houses.