United Capital to raise fresh N100bn capital

United Capital to raise fresh N100bn capital

United Capital to raise fresh N100bn capital   The shareholders United Capital Plc, a leading financial services group in Africa have authorized their directors to raise additional capital of up to N100 billion. The capital would be raised through the issuance of tenured bonds, notes, commercial papers, debt instruments, or loans in any currency by way of bond issuance, note issuance, book building or other methods. Also, the shareholders agreed that whether the capital would be raised in one or more tranches; the pricing and terms of such issuance are…

Read more

United Capital grows PAT 57% to N7.8bn in 2020

United Capital to raise fresh N100bn capital

  Proposes 70k dividend United Capital Plc (United Capital), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, has reported impressive numbers in its audited financial statement for the year ended 2020. The financial report released on the Nigerian Stock Exchange (NSE) where its listed indicates a 57 per cent rise in its profit after tax (PAT) for the period to N7.8 billion compared to N4.97 billion in 2019. The investment banking firm also saw its net operating income up by 58 per cent year-on-year from…

Read more

NSE lists N10bn fixed rate bonds of United Capital Plc

united capital N10bn bonds

The Nigerian Stock Exchange (NSE) on Tuesday, September 22, announced that it has listed N10 billion shares of United Capital Plc at the exchange. The bond is a 5 year senior unsecured fixed-rate series bonds due 2025, with a 12.5 per cent interest. In a statement obtained by Business Metrics from the official website of NSE and signed by Godstime Iwenekhai, its head of listings regulation, the medium-term bond will be issued as part of the N30 billion Debt Issuance Programme earlier announced by United Capital. The subscription for the…

Read more