Allotment Announcement
Hillcrest Agro-Allied Industries Limited hereby announces the official allotment results of the Series 13 and Series 14 Commercial Papers issued under its ₦10,000,000,000 Commercial Paper Issuance Programme.
Summary of Offer for Subscription
Series 13 (182-Day): ₦1,506,146,000.00 at 19.4183% discount rate
Series 14 (364-Day): ₦1,362,183,000.00 at 19.6893% discount rate
All applications received for both series were fully allotted. No rejections were recorded.
Series 13 Allotment Overview
• Effective yield: 21.5000%
• Total applications received: 8
• Units applied for & allotted: 1,506,146
• No applications were rejected.
| Range (Units) | No. of Participants | Units Applied | Units Allotted | Holdings % | Cumulative Units |
|---|---|---|---|---|---|
| 1 – 10,000 | 1 | 5,506 | 5,506 | 0.37% | 5,506 |
| 10,001 – 100,000 | 4 | 194,536 | 194,536 | 12.92% | 200,042 |
| 100,001 – 500,000 | 2 | 269,949 | 269,949 | 17.92% | 469,991 |
| 500,001 – 1,100,000 | 1 | 1,036,155 | 1,036,155 | 69.00% | 1,506,146 |
| Total | 8 | 1,506,146 | 1,506,146 | 100% | 1,506,146 |
Series 14 Allotment Overview
• Effective yield: 24.5000%
• Total applications received: 9
• Units applied for & allotted: 1,362,183
• No applications were rejected.
| Range (Units) | No. of Participants | Units Applied | Units Allotted | Holdings % | Cumulative Units |
|---|---|---|---|---|---|
| 1 – 10,000 | 3 | 64,012 | 64,012 | 4.70% | 64,012 |
| 10,001 – 100,000 | 3 | 139,566 | 139,566 | 10.25% | 203,578 |
| 100,001 – 500,000 | 2 | 424,500 | 424,500 | 31.16% | 628,078 |
| 500,001 – 1,100,000 | 1 | 734,105 | 734,105 | 53.89% | 1,362,183 |
| Total | 9 | 1,362,183 | 1,362,183 | 100% | 1,362,183 |
The Series 13 and Series 14 Commercial Paper notes have been registered with the Securities and Exchange Commission and will be credited to successful applicants’ depository accounts by FMDQ Depository Limited.
Download Official Allotment Report
SEC-registered allotment results for Series 13 & 14 Commercial Papers
📄 Download PDFInvestor Relations
For inquiries regarding this allotment or investment opportunities, please contact info@hillcrestagroallied.com or call +234 904 841 1263.