TUE 09 NOV, 2021-theGBJournal- Pan-African banking institution, United Bank for Africa Plc, has named five big dealer managers to administer its five-year fixed rate benchmark Dollar-Denominated regulation S/144A Senior unsecured bond under its global medium term note programme.
The Bank, in a notification to the NGX Exchange Limited, named the mandated banks as Citigroup Global Markets Limited, Mashreqbank psc, Renaissance Securities (Cyprus) Limited, Standard Chartered Bank, and United Capital Plc.
UBA said a five-year fixed rate benchmark USD-denominated Regulation S/144A Senior Unsecured offering under its Global Medium Term Note Programme may follow after a global investor call in addition to a series of fixed income investor meetings (each of which will not constitute a public offer in Nigeria) Monday.
The Bank also called on interests from holders of its $500 million Eurobond due for maturity in 2022 for redemption.
‘’In connection with the new bond offering, UBA proposes to redeem its outstanding US$500 million 7.750% 2022 bonds and will announce a cash tender offer for any and all of the outstanding bonds (the Tender Offer),’’ UBA said.
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