Private Companies’ Notes (PCNs) are short-term debt instruments issued by corporate bodies. For medium to large, creditworthy Issuers/Promoters, it is a competitive alternative to bank loans, a way of raising working capital at short-term interest rates offering competitive returns to investors in compensation for the Issuer/Promoter’s credit risk. Issuers/Promoters/Sponsors seeking enrolment/noting privileges are encouraged to…

Meristem Capital Limited is pleased to have acted as the Sole Financial Adviser to Yikodeen Company Limited (“Yikodeen”) in its recent equity capital raise. Yikodeen is a leading Nigerian manufacturer of footwear and leather products, renowned for its dedication to innovation and excellence in delivering high-quality products that meet customer expectations and regulatory standards. Our…

Sukuks are investment certificates or notes that evidence proportionate interest in ownership of tangible assets, goods and services, or investment in the assets of projects that adhere to the principles of Shariah. The holder has an ownership right in a particular asset and is, therefore, entitled to the return generated by that asset. Sukuk issuances…

A management buy-in (MBI) refers to a corporate acquisition scenario where an external management team, typically led by experienced executives or investors, purchases a controlling interest in a company. This purchase may involve acquiring a majority stake in the business or buying out existing owners entirely. The goal of a management buy-in is to bring…

Domestic Foreign Currency-Denominated Bonds (DFCBs) are debt financial instruments issued by a domestic entity (such as corporations or governments), within the local market but denominated in a foreign currency. These bonds are governed by the domestic market’s regulations and are typically aimed at local investors, providing exposure to international currencies like the U.S. dollar (USD)…