Mixta Nigeria PLC Offers 15.52% & 16.74% Yield on 183 & 270-Day Commercial Paper; Offer Closes on Friday (22-Feb-19

Please be informed that Mixta Real Estate PLC, a subsidiary of Mixta Africa is seeking to raise up to‚3.0bn in the third and fourth series of its ₦15.0bn Commercial Paper (CP) Programme to support its short term funding requirements.

Please see below the details of the offer:

Mixta Real Estate PLC
Series Number Series 3 Series 4
Tenor 183 days 270 days
Effective Yield 15.52% 16.74%
Discount Rate 14.400% 14.899%
Issuer Rating A3™ Short term (2018) and BBB Long term (2018) by Global Credit Rating Co. Limited A3™ Short term (2018) and BBB Long term (2018) by Global Credit Rating Co. Limited
Minimum Subscription Minimum of ‚¦5.0m and multiples of ‚¦1,000 thereafter Minimum of ‚5.0m and multiples of ₦1,000 thereafter
Offer Open Tuesday, February 19th, 2019 Tuesday, February 19th, 2019
Offer Close Date Friday, February 22nd, 2019 Friday, February 22nd, 2019
Allotment Date Friday, February 22nd, 2019 Friday, February 22nd, 2019
Issue Date Monday, February 25th, 2019 Monday, February 25th, 2019

About Mixta Real Estate PLC
Mixta Real Estate PLC is a subsidiary of Mixta Africa, an ARM Company. Mixta Nigeria invests in real estate development projects across the real estate spectrum within the commercial, retail and residential property segments. It also provides real estate advisory services and take on special projects in medium to large scale real estate development projects, with a goal to taking advantage of the developing organized retail real estate sector.

Its Core Activities include – Hospitality, Real Estate, Retail and Golf Estate businesses

Company Profile
Founded in April 2005, Mixta Africa is Europe’s first-mover and active player in the fast-growing African Real Estate sector. With offices in Morocco, Senegal, Tunisia, C´te dIvoire, Nigeria and Mauritania and projects in Algeria and Egypt.
In 2015, Mixta Africa was acquired by Asset & Resource Management Company (ARM), an established asset management company headquartered in Lagos, Nigeria with approximately US$3.5bn under management. Mixta has more than 109 experienced professionals and subsidiaries in 6 countries.

The company partnered with the Edo state government through the Edo Development and Property Agency (EDPA)  in 2018 to develop Emotan Gardens, the plan is to offer affordable and quality housing to every stakeholder in the State.

In addition, the company issued the first series of its 5-year bond (N4.5bn) under its N30.0bn Medium Term Note Programme (MTNP or the Programme) in January 2017 with a 17.0% coupon and this is listed on the NSE and FMDQ OTC Securities exchange (https://www.fmdqotc.com/mixta-real-estate-plc/). This received a Senior Guaranteed Bonds Rating of AA+ by Global Credit Rating Co. in September 2018. Rating rationale included strong shareholder support, technical alliances with major industry players and its significant real property (valued at N100.0bn at FY:2017)  (https://www.fmdqotc.com/wp-content/uploads/2019/02/Rating-Report-GCR-Mixta.pdf)

To invest in the Commercial Paper, send an email to – brokerageteam@afrinvest.com

 

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