CAPITIS THRIFT & CREDIT COOPERATIVE SOCIETY LIMITED

N500 MILLION
PRIVATE DEBT NOTES

ABOUT CAPITIS THRIFT & CREDIT COOPERATIVE SOCIETY LIMITED

Capitis Thrift & Credit Cooperative Society Limited is a diversified collective and contributory credit union and finance platform of Nigerian origin
for entrepreneurs and professionals in organizing a pool of private funds for personal and entrepreneurial growth and development. Leveraging
effective operational processes and technology, we offer bespoke collaborative financial services tailored to meet funding needs of members.

TRANSACTION SUMMARY

Issuer Capitis Thrift & Credit Cooperative Society Limited

Security offered Capitis Debt Notes Fixed Rate Unsubordinated Secured Debt Notes due 2024 (the “Issue”)
Programme amount N500,000,000 (Five Hundred Million Naira) only
Moratorium One (1) year Principal Moratorium
Debt repayment Amortized payment over the next two (2) years
Interest payment Quarterly
Minimum subscription N5,000,000 (Five Million Naira) only and subsequent multiples of N1,000,000 t3hereafter
Coupon 17% per annum
Tenor 3 years
Target High Networth Individuals (HNIs) Eligible Individual Investors (EIIs) and Institutional
Investors
Currency Debt Notes will be denominated in Naira
Security The security provided by the Issuer in relation to the Debt Notes, the details of which are
set out in the Trust Deed
Call option Applicable after one (1) year
Put option Applicable after 18 months and subject to a 90 days’ notice period from the applicable
payment date and 40% interest deduction for the notice period
Transaction Adviser/Bookrunner Norrenberger Advisory Partners Limited
Trustees DLM Trust Company Limited
Solicitors: 1ST Hierarchy Solicitors

KEY INVESTMENT CONSIDERATIONS

✓ The Organization is a key player in the retail lending sector

✓ The poor access to finance by Micro, Small and Medium Enterprises (MSMEs) in Nigeria presents huge prospect for scalable operations
✓ The Debt Notes is secured with the Organization’s and its Parent Company’s assets and title to assets held in trust
✓ Higher return on investment in a low interest environment and in comparison, to other fixed income instruments
✓ Allows for diversification of portfolio
✓ Strong and experienced management team; the Management possesses established track record of private and public financial services
experience,
✓ Robust corporate governance structure and risk management practices in place
✓ Sound business model and diverse products offering

FINANCING NEED – USE OF PROCEEDS RECEIVING ACCOUNT

Program Amount (N) Account Name:

CAPSAL(Lending Programme) 300,000,000.00 Account No:

Other Loans 100,000,000.00 Bank:

On Lending 70,000,000.00

Strategic Expansion (including working capital

30,000,000.00
and technology)

Total 500,000,000.00

CONTACT INFORMATION
Financial Adviser/Bookrunner:
Seun.ogunmodede@norrenberger.com +2348033829000
Hafsat.saliu@norrenberger.com +2347056888893
www.norrenberger.com