SG Holdings Limited has launched its Series 1 and Series 2 commercial papers, with a combined issue size of up to N30 billion, targeting qualified institutional investors.
This information was released by its issuing and placing agent, Anchoria Advisory Services Limited, which has confirmed both the issue and allotment dates for March 27, 2025.
The Series 1 commercial paper, which has a tenor of 180 days, and Series 2, with a tenor of 270 days, are both rated A- by Augusto & Co. and A1+ by GCR.
According to the issuing and placing agent, the commercial papers were opened for subscription on March 20, 2025, with the offer closing on March 26, 2025.
Additionally, these papers are listed on the FMDQ Securities Exchange and are part of a larger program totalling N100 billion.
What to know
- SG Holdings Limited is a medium player in the oil and gas sector, operating in the downstream and midstream spaces.
- The commercial paper offering is restricted to qualified institutional investors, with a…