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Agusto & Co. upholds the “Bbb” rating assigned to C&I Leasing Plc’s ₦600 million five-year unsecured fixed rate bond

Rating Release

Agusto & Co. upholds the “Bbb” rating assigned to C&I Leasing Plc’s ₦600 million five-year unsecured fixed rate bond

The rating expires on 30 June 2020.

Agusto & Co. upholds the “Bbb” rating assigned to C&I Leasing Plc’s (“C&I Leasing” or “the Issuer”) ₦600 million five-year unsecured fixed rate bond (“the Issue” or “the Bond”) issued in October 2015.

The rating assigned to the Bond mirrors the standalone rating of C&I Leasing Plc issued by Agusto & Co. Limited. The Bond is the second tranche under C&I Leasing’s ₦10 billion debt issuance programme. The Issue’s coupon is fixed at 18.25% and paid semi-annually, with the principal also amortised semi-annually.

 

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.