Series 3 Commercial Paper – ₦552,452,000 Issuance
ASIKO POWER LIMITED
| Issuer | Description | Size (Bn) | Issue Date | Maturity Date | Tenor (days) | Face Value | Discount Rate | Status |
|---|---|---|---|---|---|---|---|---|
|
ASIKO POWER LIMITED
|
Series 3 Commercial Paper – ₦552,452,000 Issuance | 552,452,000 | 2025-09-10 | 2026-09-04 | 359 | 552,452,000 | 20.39 | active |
Asiko Power Limited is Company, a private limited liability company incorporated in Nigeria, as a diversified service provider in the Oil and Gas Industry, (RC: 784301), with office located in Plot 224, Moshood Abiola Way, Ijora, Lagos. The Company’s core business lines include asset integrity and maintenance services covering non-destructive testing (NDT) and rope access services; drilling support services (majorly mudlogging); and training and consultancy services. Asiko Power Limited has established this ₦2,500,000,000 Commercial Paper Issuance Programme which will mature on 4 September 2026.
Programme Document
ASIKO POWER LIMITED - Commercial Paper
Key Information
Corporate Disclosures
Contact Information
Board Members
Sponsors
| CP Title: | Series 3 Commercial Paper – ₦552,452,000 Issuance |
| ISIN: | NGASKOCP2638 |
| Sector: | Power |
| Categorization: | Debt Instrument |
| Issue Size: | 552,452,000 |
| Discount Rate: | 20.39 |
| Face Value: | 552452000 |
| Tenor: | 359 |
| Issue Date: | 2025-09-10 |
| Maturity Date: | 2026-09-04 |
| Instrument Type: | ASIKO POWER LIMITED ₦2,500,000,000.00 Series 3 Commercial Paper Issuance |
| Credit Ratings: | Short term rating 'A1', LONG TERM RATING 'A+' by data pro limited 'A' Rating by Agusto & CO Limited |
| Issuing and Placing Agent(s) (IPA): | Stanbic IBTC Capital Limited |
| Collecting and Paying Agent(s) (CPA): | FCMB Capital Market Limited |
| Issuing, Placing, Paying and Collecting Agent(s) (IPCA): | N/A |
| Status: | active |
| Lead Sponsor | Stanbic IBTC Capital Limited, FCMB Capital Market Limited |
| Joint Spnsors |
|
| Chairman | Engr. Alexander Ogedegbe |
| Managing Director | Mr. Felix Ekundayo |
| Executive Director Finance / Chief Commercial Officer | Mr. Abubakar Folamia |
| Non-Executive Director | Mr. Martin Ekundayo |
| Non-Executive Director | Mr. Mustapha Fasinro |
| Non-Executive Director | Mr. Babatunde Edun |
| Non-Executive Director | Mr. Kamar Bakrin |
| Date | PDF Download |
|---|
| Address: | Plot 224, Moshood Abiola Way, Ijora, Lagos. |
| Email: | info@asikoenergy.com |
| Web Address: | www.asikoenergy.com |
| Company Hotline: | +234 908 782 6680 |
