Home Business Health CLOSING NOW!!!: Fidson Healthcare PLC N2 Billion 90-Day Series II Commercial Paper Issuance
Health

CLOSING NOW!!!: Fidson Healthcare PLC N2 Billion 90-Day Series II Commercial Paper Issuance

Share
Share

December 14, 2021/FSDH

Please be informed that the Fidson Healthcare Plc (“Fidson” or the “Company”) Series 2 Commercial Paper (“CP”) of up to ₦2.0 Billion under its ₦10 billion CP Programme (the “Programme”) is scheduled to closes now.

Fidson is one of the leading pharmaceutical manufacturing companies in Nigeria. The Company is engaged in the manufacturing, marketing and sales of pharmaceutical and healthcare products in Nigeria and West Africa. Fidson currently has over 250 duly registered pharmaceutical brands, across different therapeutic areas, in the Nigerian market. The Company recorded ₦21.8 Billion in year-to-date Sales in its September 2021 financial statements and expects a 3-year CAGR of about 21.4% against the industry average of 5.4%, by the end of the financial year.

Fidson has previously accessed funding through the Capital markets, having issued a ₦4.5 Billion 270-day Commercial Paper in March 2021, a ₦2.3 Billion Rights Issue in July 2019 and a ₦2.0 Billion five-year Secured Fixed Rate Corporate Bond in November 2014.

Please find below a summary of the terms of the offer:

For more information on the offer, kindly access the following documents here:

  1. Executed Programme Memorandum
  2. Series II Pricing Supplement
  3. GCR Credit Rating Announcement
  4. DataPro Credit Rating Report
  5. PENCOM Compliance Certificate
  6. Series II Commitment Form
  7. Full Year 2020 and Interim 2021 Financial Statements
Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Bank Supports Primary Healthcare Centres In Eti-Osa East LCDA With CSR Project

In line with the institution’s commitment to making positive impact in local...

Healthcare Providers Laud Leadway HMO For Collaborative Approaches To Sustainable Health Management

Leadway Health HMO Limited has received commendation from healthcare providers following its...

Leadway Health HMO Expands Global Reach With Launch Of International Health Plan 

Leadway Health HMO, has launched Leadway Health HMO International Health Plan. With...

NNPC Ltd Begins Free Cancer Screening Campaign, Targets 3,000 Nigerians

The Nigerian National Petroleum Company Ltd (NNPC Ltd) through NNPC Foundation, its...