Home Business Mixta Nigeria to list N4.5 billion bond on NSE

Mixta Nigeria to list N4.5 billion bond on NSE

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Mixta Real Estate Plc has obtained regulatory approval to list its N4.5 billion 17 per cent Guaranteed Fixed Rate Bond on the Nigerian Stock Exchange (NSE). The bond listing will pave for investors to trade on the bond.

The N4.5 billion bond was issued by Mixta under its N30 billion medium term note programme to refinance existing debts and finance an affordable housing project. The fixed-rate bond with a par value of N100 was issued at a rate of N1,000 per unit.

It has a five-year tenor and will be due in 2022. The coupon rate of 17 per cent will be paid semi-annually and will be payable in arrears on January 17 and July 17 of each year. GuarantCo Limited, a multilateral development finance company, is the guarantor for the bond issue. GuarantCo was founded by the  development agencies  and  governments  of  the  United  Kingdom,  The  Netherlands,  Sweden  and Switzerland, as well as the Private Infrastructure Development Group (PIDG)

 

 

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