• Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
Sunday, October 1, 2023
Viewpoint Housing News

ISSN:2734-3375

  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
No Result
View All Result
  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
No Result
View All Result
Viewpoint Housing News
No Result
View All Result
Home Mortgage

FSDH Capital Leads Shelter Afrique’s N46bn Bond Issuance

viewpoint by viewpoint
May 2, 2022
in Mortgage, News, Feature
0 0
0
FSDH Capital Leads Shelter Afrique’s N46bn Bond Issuance
0
SHARES
35
VIEWS
Share on FacebookShare on Twitter
Naomi Gabriel —

Under the N200 billion (US$481.3 million) bond issuance programme by Shelter Afrique, an investment banking and securities trading subsidiary of FSDH Group, FSDH Capital has led a successful financial close of the N46 billion (US$110.7 million) Series 1 Fixed Rate Senior Unsecured Bond Issuance in Nigeria’s capital market.

Related Post:

:Shelter Afrique Announces Completion of Debut N46 Billion Bond Issuance In Nigeria

Shelter Afrique, the pan-African development finance institution exclusively dedicated to providing affordable and adequate housing finance across Africa was established by African governments to address the need for a sustainable housing delivery system and related infrastructure projects in Africa.

Its shareholders include 44 African countries, the African Development Bank, the African Re-Insurance Corporation, and Fonds de Solidarité Africain (FSA).

The dual tranche bond issuance was 60.7 per cent oversubscribed with the order book peaking at N64.3 billion (US$154.6 million), enabling Shelter Afrique to exercise the ‘green shoe’ option and raise an additional N6 billion (US$14.4 million) more than the original N40 billion plan (US$96.3 million).

Speaking about the transaction, the Managing Director of FSDH Capital Limited, Mr. Tolu Osinibi, said, FSDH Capital is pleased to have advised Shelter Afrique on its successful debut bond issuance in Nigeria’s capital market.

“Shelter Afrique continues to play a pivotal role in housing development across Africa and the success of the bond issuance will encourage other supranational financial institutions to tap Nigeria’s debt capital market for their Naira funding needs, he said.

“We thank the investor community for their support on the bond issuance. We also thank the Board and management of Shelter Afrique for trusting us with this milestone transaction, and their commitment and dedication throughout the process”.

In his words and while announcing the result during the signing ceremony held in Lagos, Nigeria, Shelter Afrique’s Acting Managing Director, Kingsley Muwowo said “this is the first time Shelter Afrique is tapping the Nigerian debt capital market and the positive market reception is a clear indication of investor confidence in our long-term value proposition for the Nigerian housing market.

“We would like to assure our investors that we shall put the proceeds of the bond issue into good use that will ensure that more value is created for them”.

Tags: Shelter Afriquefsdh
Previous Post

FMBN Aims At Recapitalizing From N5 Billion - N500 Billion

Next Post

Bread Seller And Others Killed In Lagos Building Collapse

viewpoint

viewpoint

Related Posts

Feature

LOOKING AT HOUSING DEFICIT IN NIGERIA 63 YEARS OF INDEPENDENCE AS A NATION: THE ISSUES, CHALLENGES AND PROSPECTS.

September 30, 2023
Real Estate and Construction Sectors Can Champion Economic Recovery — Experts Say
Real Estate

Estate Firm Launches Academy For Intending Developers

September 28, 2023
Viewpoint Housing Congratulates New FMBN Boss
News

Shelter Conference 2023: Don’t Underestimate Value of Home Ownership – Madu Hamman

September 27, 2023
Governor Obaseki To Address The 2023 Shelter Conference
Housing

Governor Obaseki To Address The 2023 Shelter Conference

September 27, 2023
Four Benefit From National Housing Programme In Kano State
Housing

Combined Efforts Can Bridge Housing Deficit Gap

September 27, 2023
FMBN/Labor Unions’ Estate in Ondo State Fully Completed
Housing

Land Use Act: Experts Call For Review

September 26, 2023
Next Post
Bread Seller And Others Killed In Lagos Building Collapse

Bread Seller And Others Killed In Lagos Building Collapse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Browse by Category

  • Flood
  • Valuers Viewpoint
  • Magazine
  • Mortgage
  • Africa
  • World
  • News
  • Housing
  • Real Estate
  • Interview
  • Events
  • Feature
  • Opinion
  • Editorial
  • Foreign
  • Uncategorized
  • Photo News
  • Environment
  • Videos
  • Apartment
  • Green
  • Real Estates

Recent News

LOOKING AT HOUSING DEFICIT IN NIGERIA 63 YEARS OF INDEPENDENCE AS A NATION: THE ISSUES, CHALLENGES AND PROSPECTS.

September 30, 2023
300,000 housing Provision Reliant on Availability of Funds — Adewole

Shelter Conference 2023: Adewole Calls For Change of Assumptions In Housing Sector

September 28, 2023
  • Contact
  • Privacy & Policy
  • About Us
  • Advertise

© 2022 Viewpoint Housing News. All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties

© 2022 Viewpoint Housing News. All Rights Reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In