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Approved
New Issues [2006] |
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| Issuer | Issue Type | Offer Price (N) | No. of Shares Offered (Million) | Value of Shares Offered (N'm) | Level of Subscription (%) | Proceds Capitalised (%) | Proceds Capitalised (N'm) | date Opened | Date Approved | Issuing House | |
| 1 | Zenith Bank PLC | Subscription | 16.90 | 3,000.00 | 50,700.00 | 105.78 | 100.00 | 50,700.00 | 06/02/06 | 23/06/06 | Zenith Sec. Ltd/IBTC Chartered Bank PLC |
| 2 | Aiico Insurance PLC | Subscription | 2.00 | 2,200.00 | 4,400.00 | 25.61 | 25.61 | 1,126.84 | 06/03/06 | 1/11/2006 | Profound Sec. Ltd/Magnartis Fin. Investment Ltd and Sterling Bank PLC |
| 3 | Cornerstone Insurance PLC | Subscription | 1.10 | 3,200.00 | 3,520.00 | 57.53 | 57.53 | 2,025.06 | 10/04/06 | 23/06/06 | IBTC Chartered Bank PLC and Vetiva Capital Management Limited |
| 4 | C & I Leasing PLC | Subscription | 1.15 | 1,400.00 | 1,610.00 | Under processing | 0.00 | 02/06/06 | Diamond Bank PLC | ||
| 5 | Unic Insurance PLC | Subscription | 1.10 | 2,000.00 | 2,200.00 | 89.33 | 89.33 | 1,965.26 | 03/07/06 | 21/12/06 | Vetiva Capital Management Ltd |
| 6 | Prestige Assurance PLC | Subscription | 2.50 | 680.00 | 1,700.00 | 153.76 | 100.00 | 1,700.00 | 19/07/2006 | 21/12/06 | Sterling Capital Mtkts. Ltd |
| 7 | May & Baker Nig. PLC | Subscription | 4.00 | 375.00 | 1,500.00 | 266.57 | 100.00 | 1,500.00 | 26/07/2006 | 20/11/06 | FBN Capital Mkts. Ltd/ Sterling Capital Mtkts. Ltd |
| 8 | Associated Bus Company PLC | Subscription | 1.50 | 667.00 | 1,000.50 | 100.00 | 100.00 | 1,000.50 | 03/08/06 | 23/11/06 | Fidelity Bank PLC |
| 9 | ADC Airlines PLC | Subscription | 1.00 | 1,200.00 | 1,200.00 | Under processing | 0.00 | 29/08/2006 | Capital Bancorp Ltd | ||
| 10 | Lasaco Assurance Plc | Subscription | 0.80 | 4,435.26 | 3,548.21 | 81.76 | 81.76 | 2,901.01 | 01/09/06 | 1/3/2007 | Greenwich Trust Ltd/Skye Bank/Intercontinental Cap. Mkts |
| 11 | Law Union & Rock Insurance PLC | Subscription | 1.10 | 1,800.00 | 1,980.00 | 135.40 | 100.00 | 1,980.00 | 05/09/06 | 22/02/07 | Skye Bank PLC/Dominion Trust Ltd |
| 12 | Ikeja Hotels PLC | Subscription | 3.00 | 1,000.00 | 3,000.00 | 65.23 | 65.23 | 1,956.90 | 06/09/06 | 6/12/2006 | Intercontinetal Capital Mkts Ltd/Ecobank Nig. PLC/Union Capital Mkts Ltd |
| 13 | Mutual Benefit Assurance PLC | Subscription | 0.60 | 4,000.00 | 2,400.00 | 94.71 | 94.71 | 2,273.04 | 06/09/06 | 28/02/07 | Sterling Capital Mkts Ltd/Greenwich Trust Ltd |
| 14 | Crusader Insurance PLC | Subscription | 1.35 | 1,350.00 | 1,822.50 | 93.00 | 93.00 | 1,694.93 | 08/09/06 | 29/03/07 | Diamond Bank PLC/Capital Bancorp Ltd/Sterling Capital Mkts Ltd |
| 15 | WAPIC Insurance PLC | Subscription | 2.40 | 250.00 | 600.00 | 887.00 | 100.00 | 600.00 | 11/09/06 | 23/02/07 | Intercontinental Sec. Ltd/Intercontinental Capital Mkts Ltd/FCMB Capital Mkts Ltd |
| 16 | Standard Alliance Insurance PLC | Subscription | 1.10 | 2,000.00 | 2,200.00 | 99.98 | 99.98 | 2,199.56 | 22/09/2006 | 23/02/07 | Vetiva Capital Management Ltd/Skye Bank PLC |
| 17 | Intercontinental Bank PLC | Subscription | 13.50 | 740.74 | 9,999.99 | 773.63 | 100.00 | 9,999.99 | 28/09/2006 | Intercontinental Capital Mkts Ltd/IBTC Chartered Bank PLC | |
| 18 | Dunlop Nigeria PLC | Subscription | 2.50 | 1,504.48 | 3,761.20 | 216.72 | 100.00 | 3,761.20 | 29/11/06 | UBA Global Markets/Ecobank PLC/Sterling Capital Mkts Ltd | |
| 19 | Transnational Corp. of Nig. PLC | Subscription | 7.50 | 8,000.00 | 60,000.00 | 36.20 | 36.20 | 21,720.00 | 27/12/06 | Union Capital Market Ltd | |
| Sub-total | 39,802.48 | 157,142.40 | 109,104.29 | ||||||||
| 20 | Aiico Insurance PLC | Rights | 2.00 | 1,400.00 | 2,800.00 | 25.14 | 25.14 | 703.92 | 06/03/06 | 1/11/2006 | Profound Sec. Ltd/Magnartis Fin. Investment Ltd and Sterling Bank PLC |
| 21 | Niger Insurance PLC | Rights | 2.65 | 1,500.00 | 3,975.00 | 77.38 | 77.38 | 3,075.86 | 11/04/06 | 16/08/06 | Afribank Nigeria PLC and Tiddo Security Limited |
| 22 | Royal Exchange Assurance PLC | Rights | 2.00 | 2,002.26 | 4,004.52 | 35.80 | 35.80 | 1,433.62 | 17/05/2006 | 26/02/07 | FCMB cap Mkts ltd& Afribank Nig.PLC & Vetiva capital markets ltd |
| 23 | NEM Insurance PLC | Rights | 0.55 | 3,531.03 | 1,942.07 | Under processing | 0.00 | 28/08/2006 | BGL Securities Ltd | ||
| 24 | Lasaco Assurance Plc | Rights | 0.70 | 2,419.64 | 1,693.75 | 97.83 | 97.83 | 1,656.99 | 01/09/06 | 1/3/2007 | Greenwich Trust Ltd/Skye Bank/Intercontinental Cap. Mkts |
| 25 | Crusader Insurance PLC | Rights | 1.35 | 787.57 | 1,063.22 | 93.00 | 93.00 | 988.79 | 08/09/06 | 29/03/07 | Diamond Bank PLC/Capital Bancorp Ltd/Sterling Capital Mkts Ltd |
| 26 | WAPIC Insurance PLC | Rights | 2.40 | 1,000.00 | 2,400.00 | 105.00 | 100.00 | 2,400.00 | 11/09/06 | 23/03/07 | Intercontinental Sec. Ltd/Intercontinental Capital Mkts Ltd/FCMB Capital Mkts Ltd |
| 27 | Oasis Insurance PLC | Rights | 0.60 | 1,090.83 | 654.50 | 66.97 | 66.97 | 438.32 | 14/09/2006 | 9/5/2007 | Intercontinental Capital Mkts Ltd/Greenwich Trust Ltd |
| 28 | Intercontinental Bank PLC | Rights | 13.50 | 1,531.94 | 20,681.19 | 62.86 | 62.86 | 13,000.20 | 28/09/2006 | Intercontinental Capital Mkts Ltd/IBTC Chartered Bank PLC | |
| 29 | Union Homes Savings & Loans PLC | Rights | 1.80 | 3,000.00 | 5,400.00 | 99.30 | 99.30 | 5,362.20 | 04/10/06 | 19/04/07 | Union Capital Mkts Ltd/Future View Fin. Services Ltd. |
| 30 | Livestock Feeds PLC | Rights | 0.55 | 544.72 | 299.60 | 227.90 | 100.00 | 299.60 | 23/11/06 | 30/04/07 | Capital Bancorp Ltd |
| 31 | Dunlop Nigeria PLC | Rights | 2.30 | 756.00 | 1,738.80 | 100.00 | 100.00 | 1,738.80 | 29/11/06 | UBA Global Markets/Ecobank PLC/Sterling Capital Mkts Ltd | |
| 32 | Valucard Nigeria PLC | Rights | 8.00 | 129.62 | 1,036.96 | 94.02 | 94.02 | 974.95 | 30/11/06 | 22/02/07 | Access Bank PLC |
| Sub-total | 19,693.61 | 47,689.61 | 32,073.25 | ||||||||
| 33 | JAIZ International Bank PLC | Private Placement | 1.00 | 10,500.00 | 10,500.00 | 14.42 | 14.42 | 1,514.10 | 27/02/2006 | Finmal Finance Sec. Ltd/FCMB Cap. Market Ltd | |
| 34 | UAC Nigeria PLC | Private Placement | 12.50 | 138.24 | 1,728.00 | Under processing | 0.00 | 07/03/06 | FCMB Cap. Markets Ltd/Lead Sec. Inv. Ltd | ||
| 35 | Afribank PLC | Private Placement | 6.80 | 300.00 | 2,040.00 | 100.00 | 100.00 | 2,040.00 | 29/03/2006 | 1/4/2006 | Fidelity Finance Company Ltd |
| 36 | Standard Trust Assurance PLC | Private placement | 0.75 | 2,200.00 | 1,650.00 | 105.59 | 100.00 | 1,650.00 | 15/05/2006 | 29/08/06 | Chapel Hill Advisory partners ltd & Greenwich Trust Ltd |
| 37 | Continental Reinsurance PLC | Private placement | 1.05 | 6,000.00 | 6,300.00 | 164.89 | 100.00 | 6,300.00 | 31/07/2006 | 19/04/07 | Sterling Capital Mtkts. Ltd/Greenwich Trust Ltd |
| 38 | Sovereign Trust Insurance PLC | Private placement | 0.80 | 1,000.00 | 800.00 | 126.47 | 100.00 | 800.00 | 31/07/2006 | 20/03/07 | Skye Bank PLC/Greenwich Trust Ltd/Wema Sec. & Fin. PLC |
| 39 | Globe Reinsurance PLC | Private Placement | 0.85 | 6,000.00 | 5,100.00 | Under processing | 0.00 | 29/08/2006 | Afribank Nigeria PLC and Tiddo Security Limited | ||
| 40 | Oasis Insurance PLC | Private Placement | 0.70 | 1,000.00 | 700.00 | 318.21 | 100.00 | 700.00 | 14/09/2006 | 9/5/2007 | Intercontinental Capital Mkts Ltd/Greenwich Trust Ltd |
| 41 | Aso Savings & Loans PLC | Private Placement | 1.00 | 2,000.00 | 2,000.00 | 211.60 | 100.00 | 2,000.00 | 27/11/06 | FBN Capital Markets/Northbridge Investment Ltd | |
| 42 | Standard Trust Assurance Co. PLC | Private Placement | 0.75 | 189.69 | 142.27 | 100.00 | 100.00 | 142.27 | 20/12/06 | 7/2/2007 | Chapel Hill Advisory Partner/Greenwich Trust Ltd |
| Sub-total | 29,327.93 | 30,960.27 | 15,146.37 | ||||||||
| 43 | Zenith Bank PLC | Supplementary Offer | 16.90 | 173.49 | 2,931.98 | 100.00 | 100.00 | 2,931.98 | 28/06/2006 | 23/06/06 | Zenith Sec. Ltd/IBTC Chartered Bank PLC |
| 44 | Zenith Bank PLC (additional verification) | 2nd Supplementary Offer | 16.90 | 92.04 | 1,555.48 | 100.00 | 100.00 | 1,555.48 | 28/08/06 | 28/08/06 | Zenith Sec. Ltd/IBTC Chartered Bank PLC |
| 45 | May & Baker Nig. PLC | Supplementary Offer | 4.00 | 86.10 | 344.40 | 100.00 | 100.00 | 344.40 | 20/11/06 | 20/11/06 | FBN Capital Mkts/Sterling Capital Mkts |
| 46 | Prestige Assurance PLC | Supplementary Offer | 2.50 | 134.68 | 336.71 | 100.00 | 100.00 | 336.71 | 19/02/07 | ||
| 47 | WAPIC Insurance PLC | Supplementary Offer | 2.40 | 1,968.17 | 4,723.61 | 100.00 | 100.00 | 4,723.61 | 23/03/07 | ||
| 48 | Royal Exchange Assurance PLC | Supplementary Offer | 2.00 | 500.00 | 1,000.00 | 100.00 | 100.00 | 1,000.00 | - | 4/4/2007 | |
| 49 | Continental Reinsurance PLC | Supplementary Offer | 1.05 | 1,891.56 | 1,986.14 | 100.00 | 100.00 | 1,986.14 | - | 19/04/07 | |
| 50 | Oasis Insurance PLC | Supplementary Offer | 0.70 | 1,178.62 | 825.03 | 100.00 | 100.00 | 825.03 | - | 9/5/2007 | |
| Sub-total | 6,024.66 | 13,703.35 | 13,703.35 | ||||||||
| 51 | ADC Airlines PLC | Preference Stock | 1.00 | 1,200.00 | 1,200.00 | Under processing | 0.00 | 29/08/2006 | Capital Bancorp Ltd | ||
| 52 | Standard Alliance Insurance PLC | Preference Stock | 100.00 | 17.50 | 1,750.00 | 100.00 | 100.00 | 1,750.00 | 22/09/2006 | 23/02/07 | Vetiva Capital Management Ltd/Skye Bank PLC |
| 53 | Intercontinental Bank PLC | Preference Stock | 13.50 | 1,482.00 | 20,007.00 | 101.20 | 100.00 | 20,007.00 | 20/10/2006 | Intercontinental Capital Mkts Ltd/IBTC Chartered Bank PLC | |
| Sub-total | 2,699.50 | 22,957.00 | 21,757.00 | ||||||||
| 54 | Access Bank PLC | Convertible Debenture | 1,000.00 | 13.50 | 13,500.00 | 88.50 | 88.50 | 11,947.50 | 25/10/06 | 21/05/07 | Chapel Hill Advisory Partners Ltd/BGL Securities Ltd |
| Sub-total | 13.50 | 13,500.00 | 11,947.50 | ||||||||
| 55 | Kebbi State Government | Bond | Par | - | 3,500.00 | 100.00 | 100.00 | 3,500.00 | 18/12/06 | 29/12/06 | UBA Global Markets |
| Sub-total | 3,500.00 | 3,500.00 | |||||||||
| 56 | 3rd FGN Bond (series 1) | Bond | at par | - | 25,000.00 | 292.60 | 146.82 | 36,704.82 | 23/01/06 | - | DMO |
| 57 | 3rd FGN Bond (series 2) | Bond | at par | - | 10,000.00 | 294.50 | 126.12 | 12,612.19 | 20/02/06 | - | DMO |
| 58 | 3rd FGN Bond (series 3) | Bond | at par | - | 20,000.00 | 227.96 | 117.41 | 23,481.21 | 20/02/06 | - | DMO |
| 59 | 3rd FGN Bond (series 4) | Bond | at par | - | 10,000.00 | 157.83 | 81.63 | 8,163.30 | 27/03/06 | - | DMO |
| 60 | 3rd FGN Bond (series 5) | Bond | |||||||||