Issue of ₦16,755,434,000.00 Series 2 Under its N20,000,000,000 Commercial Paper Programme
VERITASI HOMES & PROPERTIES PLC
| Issuer | Description | Size (Bn) | Issue Date | Maturity Date | Tenor (days) | Face Value | Discount Rate | Status |
|---|---|---|---|---|---|---|---|---|
|
VERITASI HOMES & PROPERTIES PLC
|
Issue of ₦16,755,434,000.00 Series 2 Under its N20,000,000,000 Commercial Paper Programme | 16,755,434,001 | 2026-05-07 | 2027-05-06 | 364 | 16,755,434,000 | 19.0383 | active |
Veritasi Homes & Properties Plc (“Veritasi” or “the Company”) is one of the leading indigenous real estate development company registered under the laws of the Federal Republic of Nigeria (RC:1412813) with office located at No. 8B, Olufemi Pedro Street, Parkview Estate, Ikoyi, Lagos.
Veritasi Homes commenced operations in May 2017 and has built a diverse real estate portfolio and strong track record with operations currently spanning two states (Lagos & Ogun) and the Federal Capital Territory, Abuja. Veritasi Homes has successfully delivered nearly 3,000 housing units including serviced plots and retail outlets to end-buyers in Nigeria.
Programme Document
VERITASI HOMES & PROPERTIES PLC - Commercial Paper
Key Information
Corporate Disclosures
Contact Information
Board Members
Sponsors
| CP Title: | Issue of ₦16,755,434,000.00 Series 2 Under its N20,000,000,000 Commercial Paper Programme |
| ISIN: | NGVERHCP2729 |
| Sector: | Real Estate |
| Categorization: | Debt Instrument |
| Issue Size: | 16,755,434,001 |
| Discount Rate: | 19.0383 |
| Face Value: | 16755434000 |
| Tenor: | 364 |
| Issue Date: | 2026-05-07 |
| Maturity Date: | 2027-05-06 |
| Instrument Type: | VERITASI HOMES & PROPERTIES PLC 25,000,000,000 commercial paper |
| Credit Ratings: | "BBB- (Long term) A3 (Short term) by GCR Ratings A- (Long term) A1 (Short term) by DataPro Limited" |
| Issuing and Placing Agent(s) (IPA): | Pathway Advisors Limited |
| Collecting and Paying Agent(s) (CPA): | Providus Bank Limited |
| Issuing, Placing, Paying and Collecting Agent(s) (IPCA): | N/A |
| Status: | active |
| Lead Sponsor | Pathway Advisors Limited |
| Joint Spnsors |
|
| Chairman | Mr. Onakoya Olumide |
| Managing Director/Chief Executive Officer | Mr. Nola Rilwan Adetola |
| Executive Director | Mr. Yusuf Olarewaju Oluwatobi |
| Executive Director | Mr. Lawrence -Salu Korede |
| Executive Director | Mr. Famuyiwa Kazeem |
| Independent Non-Executive Director | Dr. Iheanachor Nkemdilim |
| Date | PDF Download |
|---|
| Address: | 8b Olufemi Pedro St, Ikoyi, Lagos 106104, Lagos |
| Email: | hello@veritasihomes.com |
| Web Address: | www.veritasihomes.com |
| Company Hotline: | 09030160016 |