Nova Merchant Bank N20bn Commercial Paper Issuance Now Open

The N20 billion Series 1 & 2 Commercial Paper offer under the Nova Merchant Bank Limited N50 Billion CP Programme is Now Open.

Nova Merchant Bank Limited is a licensed merchant bank in Nigeria incorporated on 17 May 2017 and commenced operations on 01 February 2018 with a focus on Investment and Wholesale banking.

It is privately owned by Nigerian and foreign institutional investors who have distinguished themselves in areas such as financial services and the real sector over several decades.

The Bank intends to use the proceeds from the CP issuance to fund short-term working capital requirements and general corporate purposes.

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