business

UACN Secures N54bn Bond Listing on FMDQ Exchange

Published

3 months ago

February 9, 2026

UAC of Nigeria Plc lists N54.03bn 7-year bond on FMDQ Exchange, strengthening funding base and strategic growth plans

FMDQ Securities Exchange Limited on Monday approved the listing of UAC of Nigeria Plc’s N54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under the company’s N150 billion Issuance Programme.

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The approval, granted by the Exchange’s Board Listings and Markets Committee, highlights the Exchange’s role in facilitating corporate access to long-term capital through transparent and regulated debt instruments.

Reacting to the listing, UACN’s Group Finance Director, Mrs Funke Ijaiya-Oladipo, described the bond issuance as a landmark transaction in the Nigerian debt capital markets.

She stated, “The strong outcome of this transaction is a testament to our sound business fundamentals, the resilience of our brands, and the confidence the market continues to place in us. This issuance broadens our funding base and better positions the Company to advance its strategic initiatives, including the integration and growth of CHI Limited following our recent acquisition.”

Mrs Ijaiya-Oladipo further expressed gratitude to the investor community and advisers who supported the process, noting that the bond would enhance UACN’s ability to execute its strategic growth plans.

Commenting on the transaction, Mr Oladele Sotubo, Chief Executive of Stanbic IBTC Capital Limited, the Sponsor of the bond listing, said, “Stanbic IBTC Capital is delighted to have served as Lead Issuing House to UACN on this successful bond issuance. This transaction provides UACN with a valuable opportunity to diversify its funding mix, optimise its capital structure, and accelerate its growth trajectory.”

He added that UACN’s heritage and strategic direction, including the acquisition of CHI Limited to strengthen its FMCG portfolio, underscored the significance of the issuance.

UAC of Nigeria, a diversified conglomerate with over a century of operations, has a presence in key sectors of the Nigerian economy, including food and beverages, real estate, logistics, and quick-service restaurants.