Allotment Announcement
Hillcrest Agro-Allied Industries Limited, on behalf of its issuing parties, announces the official allotment results for the Series 8, 9 and 10 Commercial Papers under its ₦10,000,000,000 Commercial Paper Issuance Programme.
Summary of Offer for Subscription
Series 8: ₦828,861,000.00 – 20.8346% discount rate
Series 9: ₦712,974,000.00 – 20.9199% discount rate
Series 10: ₦2,021,252,000.00 – 20.9606% discount rate
All applications received across all three series were fully allotted. No rejections were recorded.
Series 8 Allotment Overview
• 182-Day Commercial Paper
• Effective yield: 23.5000%
• Total applications received: 28
• Total units applied for & allotted: 828,861
• No applications were rejected
Series 9 Allotment Overview
• 270-Day Commercial Paper
• Effective yield: 26.0000%
• Total applications received: 12
• Total units applied for & allotted: 712,974
• No applications were rejected
Series 10 Allotment Overview
• 364-Day Commercial Paper
• Effective yield: 26.5000%
• Total applications received: 31
• Total units applied for & allotted: 2,021,252
• No applications were rejected
The Series 8, 9 & 10 Commercial Paper notes have been duly registered with the Securities and Exchange Commission and will be credited into successful applicants' designated depository accounts by FMDQ Depository Limited.
📄 Download Complete Allotment Results
Click below to download the detailed allotment announcement with full participant breakdowns and holding ranges
📄 Download Allotment Announcement (PDF)📋 Official SEC-registered results | Complete participant breakdowns included
📞 Investor Relations
For inquiries regarding allotment or investment details, please contact info@hillcrestagroallied.com or call (234) 904-841-1263