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Bond Investors

Explore our past and current bond programmes

2023 | ₦20 Billion Bond Programme

Aradel’s Series 1 ₦10 Billion Bond Issue Summary

Series
Series 1
Issue Date
2023
Maturity Date
2028
Currency
₦ (Naira)
Amount
₦10 billion
Coupon
17% (fixed)
Listing
Financial Markets Dealers Quotations
Exchange (FMDQ)
Ratings
Agusto & Co Limited
Global Credit Rating Limited: A+
Registration

Bond Holder FAQs

Frequently asked questions of Aradel’s Bondholders

Q: What is the maturity date of the bonds?

A: The maturity date of the bond is 2028.

Q: What will Aradel use the proceeds from the bond issuance for?

A: The proceeds will be used for the construction of a trailer park,
Head Office and Camp Site upgrade, Road Expansion and to support
working capital requirements.

Q: Are the bonds listed on any stock exchange?

A: The bonds are listed on FMDQ Exchange

Q: What is the coupon rate on the bonds?

A: The bond was issued at a fixed rate of 17%.

Q: How can bondholders stay updated on Aradel’s financial performance and any changes that may impact the bonds?

A: Bondholders can subscribe to our e-mail list for regular updates on the Company here