Founded in 1983, Udo Udoma & Belo-Osagie is a multi-specialisation full service corporate and commercial law firm with offices in Nigeria’s key commercial centres. The firm’s corporate practice is supported by a company secretarial department, Alsec Nominees Limited, which provides a full range of company secretarial services and our sub-firm, U-Law which caters exclusively to entrepreneurs, MSMEs, startups, and growth businesses across several industries, including the FinTech industry. It is designed as a one-stop-shop for all basic business-related legal needs, providing high-quality support in a simplified and straightforward manner at super competitive prices.
We are privileged to work with diverse local and international clients to create and implement innovative practical solutions that facilitate business in Nigeria and beyond. When required, we are well-placed to work across Africa with a select network of leading African and international law firms with whom we enjoy established relationships.
UUBO's Capital Markets team served as Solicitor to the Trustee in Emzor Pharmaceutical Industries Limited's establishment of a NGN40 billion Bond Programme and issuance of NGN25 billion Series I Bonds.
Nigeria
The UUBO Capital Markets team is delighted to have acted as
Solicitor to the Trustee in connection with the establishment of a
NGN40 billion Bond Programme by Emzor Pharmaceutical Industries
Limited ("Emzor") and the issuance of its NGN25 billion
Series I Bonds.
The NGN25 billion Series I Bonds were oversubscribed by
approximately 106.8%, demonstrating strong investor confidence in
Emzor and its strategic financing objectives.
The Programme was structured through Emzor Pharma Funding
SPV PLC, a dedicated special purpose vehicle established to
facilitate Emzor's access to long-term debt capital in the
Nigerian market. Notably, the transaction reflects the continued
expansion of Nigeria's domestic bond market into the healthcare
sector. It demonstrates the increasing use of structured bond
platforms by indigenous pharmaceutical companies seeking to
diversify their funding sources beyond traditional bank lending,
while highlighting the growing maturity of Nigeria's debt
capital markets and investor appetite for sector-diversified
corporate issuances.
The UUBO team was led by Ekundayo Onajobi, a partner in our
Capital Markets team, supported by Lisa Esamah, Omeiza Alao and
Adaobi Omosefe Uzo.
Contributor
Founded in 1983, Udo Udoma & Belo-Osagie is a multi-specialisation full service corporate and commercial law firm with offices in Nigeria’s key commercial centres. The firm’s corporate practice is supported by a company secretarial department, Alsec Nominees Limited, which provides a full range of company secretarial services and our sub-firm, U-Law which caters exclusively to entrepreneurs, MSMEs, startups, and growth businesses across several industries, including the FinTech industry. It is designed as a one-stop-shop for all basic business-related legal needs, providing high-quality support in a simplified and straightforward manner at super competitive prices.
We are privileged to work with diverse local and international clients to create and implement innovative practical solutions that facilitate business in Nigeria and beyond. When required, we are well-placed to work across Africa with a select network of leading African and international law firms with whom we enjoy established relationships.
