SG Holdings Limited has introduced its Series 1 and Series 2 commercial papers, with a total issue size of up to N30 billion, targeting qualified institutional investors.
According to a statement from its issuing and placing agent, Anchoria Advisory Services Limited, both the issue and allotment dates are set for March 27, 2025.
The Series 1 commercial paper has a 180-day tenor, while Series 2 has a 270-day tenor. Both instruments have been rated A- by Augusto & Co. and A1+ by GCR.
Key Details of the Offer
- The commercial papers were made available for subscription on March 20, 2025, with the offer closing on March 26, 2025.
- The instruments are listed on the FMDQ Securities Exchange and form part of a larger N100 billion issuance program.
- The Series 1 commercial paper offers a yield between 24% and 26%, with a discount rate ranging from 21.46% to 23.045%.
- The Series 2 commercial paper offers a yield between 26% and 28%, with a discount rate ranging from 21.80% to 23.196%.
- The offer is restricted to qualified institutional investors, with a minimum subscription of N2 million and increments of N1,000 thereafter.
About SG Holdings Limited
SG Holdings Limited is an African multinational corporation headquartered in Lagos, Nigeria, with additional offices in Abuja, Port Harcourt, Accra (Ghana), and Abidjan (Ivory Coast). The company operates across multiple sectors, including:
- Energy logistics
- Shipping and trading
- Infrastructure and retail services
- Aviation fuel services
- Liquefied petroleum gas (LPG)
- Intra-African energy trade
Financial Performance
SG Holdings Limited has demonstrated strong financial growth in recent years:
- Shareholders’ funds increased at a compounded annual growth rate (CAGR) of 32%, rising from N48.1 billion in 2019 to N196.3 billion in 2024.
- Total assets grew at a CAGR of 33%, from N77.7 billion in 2019 to N316.5 billion in 2024.
- Total turnover expanded at a CAGR of 34%, increasing from N119.7 billion to N511.99 billion within the same period.
With this latest commercial paper issuance, SG Holdings aims to strengthen its financial position and drive further growth in its core business areas.
