C&I Leasing Commercial Papers Now Live on Assetbase🚀

Yemi

— 2 min read
C&I Leasing Commercial Papers Now Live on Assetbase🚀

We have heard your requests and are excited to announce that we now have commercial papers on Assetbase. We have an amazing investment opportunity set up for you this week, and we are ready to help you take your portfolio to the next level! 🎯

Our new investment opportunity for the week is from C&I Leasing!

C&I Leasing PLC Series 4 Commercial Paper

We are pleased to inform you of the launch of C&I Leasing Plc (C&I) up to N5 billion Series 4 Commercial Paper Issuance under its N50 billion Commercial Paper Issuance Programme.

C&I Leasing Plc, a publicly listed company established in 1991, is Nigeria’s premier and largest integrated leasing and business services conglomerate.

The Company operates across 4 major business segments:

  • Marine Services
  • Fleet Management
  • Personnel Outsourcing
  • Citrack

The Company has a staff strength of over 8,000 people and operational offices at key locations across both Nigeria and Ghana. C&I takes pride in its track record of qualitative and exceptional service delivery. The group comprises; C&I Plc (Parent company), Leasafric Ghana Limited, EPIC International FZE United Arab Emirates; and C&I Leasing FZE Nigeria.

C&I Leasing Plc has a stable and experienced executive management team with a history of consistent superior financial performance and returns. The company has a stable outlook, with a short-term rating of A3 from GCR and BBB- from Agusto.

C&I Leasing has maintained its winning streak in 2024 as evidenced by the company’s financial performance in the first half of 2024. The company’s gross earnings surged by 81.64% to settle at N18.20 billion. The operating lease assets of the company stood at N64.6 billion, an increase of 73.75% year on year, while profit after tax surged by an outstanding 309.8% year on year to close at N987.0 million.

Financial Performance

Metrics

H1 2024 (N bn)

H1 2023 (N bn)

% Change

Gross Earnings

18.20

10.02

81.64

Profit after tax

0.98

0.24

308.33%

Total Assets

102.46

64.64

58.51%

Operating Lease Assets

64.60

37.18

73.75%

Please see below the summary of the terms of the offer from C&I Leasing:

  • Programme Size: N5 billion
  • Series: 4
  • Tenor Options: 270 days
  • Implied Yield: 29%
  • Issuer Rating: A3 (GCR); BBB (Agusto)
  • Minimum Subscription: N100,000
  • Offer Open Date: Now Open (as of September 26, 2024)
  • Offer Closing Date: Monday , October 3rd, 2024
  • Maturity Date: Thursday July 1, 2025
  • Use of proceeds: Working Capital and Funding Requirements

How to Participate:

To participate in this opportunity and be one of the first to invest in C&I Leasing Plc Commercial Paper through AssetBase, simply follow these steps: 

  • Log into your Assetbase account (or create one if you don’t have an account already).
  • Navigate to the investment opportunity.
  • Review the details and investment terms.
  • Make your investment.

If you have any questions or need assistance, please don't hesitate to contact our support team at support@assetbase.capital. You can also join our telegram group here

NB: Investments in private companies are risky and less liquid and investors must carry out their due diligence and evaluation of the issuing companies before they invest as Rise, Chaka, Assetbase and all affiliated companies are not responsible for the investment performance of the assets listed on Assetbase. Private investments are not a fit for every investor, so investors are encouraged to evaluate their risk appetite before investing. 

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