Daily Post· 56m ago· 1 min read
Pathway Advisors Limited, the Lead Arranger and Issuing House, is pleased to announce that Pivot Integrated Energy Services Limited (“Pivot” or “the Issuer”) Series 1 Commercial Paper issuance of up to ₦100 billion (“the Offer”) under its ₦300 billion Commercial Paper Programme is NOW OPEN for subscription.
The Offer is expected to close on 31st July, 2026.Key Transaction Terms:Issuer: Pivot Integrated Energy Services LimitedLead Arranger/Issuing House: Pathway Advisors LimitedProgramme Size: ₦300 Billion Commercial Paper ProgrammeIssue Size: Up to ₦100 Billion (Series 1)Tenor: Series 1 – Tranche A (180 days), Tranche B (270 days), Tranche C (364 days)Discount Rate: Tranche A (17.5%), Tranche B (19.5%), Tranche C (19.69%)Yield: Tranche A (19.15%), Tranche B (22.79%), Tranche C (24.50%)Units of Sale: Minimum of ₦5,000,000 (5,000 units at ₦1,000/unit) and multiples of ₦1,000 thereafter…
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