Equity Capital Solution Issuing House

 

ISSUING HOUSE SERVICES

Our  Issuing House services entails acting as Financial Advisers to quoted/unquoted  companies, government institutions and state governments seeking to raise additional funds or funds to develop capital projects such as roads, schools, hospitals, infrastructures, etc from the Capital Market.

We also act as financial advisers, stockbrokers or Issuing House to would-be companies that seeks to be listed on the floors of the Nigeria Stock  Exchange (NSE) either through:       

  

A. INITIAL PUBLIC OFFERINGS (IPOs)

We provide integrated financial advisory services to corporate  organisations undertaking Initial Public Offers (IPOs), Bonds, Right Issues, Private Placements.    

Our functions  in this regard include:     

  • Provision of  advise on the most favourable financial and capital structure
  • Liaising with  regulatory agencies/authorities
  • Coordination of  the entire activities of parties involved to ensure a successful exercise  
  • Handling of all  documentations
  •       

B.  PRIVATE  PLACEMENTS

Our services also extend to  companies who may wish to raise working capital by way of Private Placements  from members of the investing public. 

Our role is to act as the Issuing House to such  companies including advising them and developing the Strategy/timing. Steps necessary to ensure legal and  regulatory compliance are put in place; and drafting of the placement memorandum  document and marketing of same for maximum success are undertaken.

 

C.  BOND & TYPES

Bond is an interest-bearing debt security/instrument issued by corporate bodies, governments and government agencies for the financing of infrastructure or for expansion projects and the Securities and Exchange Commission (SEC) in rules 306 and 307 clearly state the requirements to be met before any state government can issue bond to the public.  However, the underlisted are the types of bond.

i.  Convertible Bond: This gives the holder the right to “convert” or exchange the Bond for common shares of the Issuer at some fixed ratio during at particular period. This type of bond has prior rank to securities in a default situation.

ii.  Extendible & Retractable Bonds: These have more than one maturity. An extendible bond gives the holder a right to “extend” its initial maturity at a specific date or dates. While retractable bond holders own a longer term bond with the right to “retract” it at a specific date.

iii.  Zero-coupon Bonds: These bonds do not offer any interest payment to investors; instead they are issued at a discount to their face value and redeemed at par so that the return to investors is built into the price differential.

iv.  Term Bonds and Serial Bonds: Term bond refers to a group of bonds issued together, all with the same maturity date. Serial bonds mature on a series of dates.

v.  Secured & Unsecured Bonds: Secured bonds offer investors a protection by ensuring that company property or assets are held as collateral in case of default. If the issuing company fails to pay interest or par value, the company must sell the secured assets to fund the payments to the bondholder. Unsecured bonds are issued based on the company performance and credit rating.

 

CLICK  to access the pre-listing and post-listing requirementsfor companies seeking to be listed on the floor of the Nigerian Stock Exchange  (NSE).

        
 
 
 
  
 
 
      

NSE Pricelist
Saturday, 18th November, 2017
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40
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FLOURMILL 
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35.47
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