More documents

Recommendations

Info

FORM OF PRICING SUPPLEMENTSet out below is the form of Pricing Supplement which will be completed by the Issuer for each Series ofBonds issued under the Programme:Pricing Supplement (Supplementary Shelf Prospectus)To the Base Shelf Prospectus dated [ ]DELTA STATE GOVERNEMNTIssue of (.) Naira –denominated Fixed Rate BondsUnder the N100, 000,000,000 Debt Issuance Programme.Issue Price: N1000 at ParPayable in full on ApplicationApplication list Opens: [ ]Application list Closes: [ ]This document constitutes the Pricing Supplement relating to the issue of debt instruments described herein.This Pricing Supplement is supplement to, and should be read in conjunction with, the Shelf Prospectusdated 29 09 2011 and another supplements to the Shelf Prospectus to be issued by the Issuer. Terms definedin the Shelf Prospectus have the same meaning when used in this Pricing Supplement.To the extent that there is any conflict or inconsistency between the contents of this Pricing Supplement andthe Shelf Prospectus, the provisions of this Pricing Supplement shall prevail.This Pricing Supplement contains particulars in compliance with the requirements of the Securities &Exchange Commission for the purpose of giving information with regard to the Securities being issuedhereunder (the “Series 1 Bonds” or “Bonds”). Application has been made to the Council of the Exchangefor the admission of the Bonds to the Daily Official List of the Exchange.The Issuer accepts full responsibility for the accuracy of the information contained in this PricingSupplement. The Issuer declares that having taken reasonable care to ensure that such is the case, theinformation contained in this Pricing Supplement is, to the best of its knowledge, in accordance with thefacts and does not omit anything likely to affect the import of such information and that save as disclosedherein, no other significant new factor, material mistake or inaccuracy relating to the information included inthe Shelf Prospectus has arisen or has been noted, as the case may be, since the publication of the ShelfProspectus. Further, the material facts contained herein are true and accurate in all material facts, theomission of which would make any statement contained herein misleading or untrue.86
FORM OF PRICING SUPPLEMENTFINAL TERMS OF SERIES [ ] BONDS1. Issuer Delta State Government (“DTSG”)2. Series Number [ ]3. Tranche Number [ ]4. Aggregate Principal Amount of Series [ ]5. (i) Issue Price [ ](ii) Net Proceeds [ ]6. Denomination(s) [ ]7. Issue Date [ ]8. Maturity Date [ ]9. Interest Rate [ ][ ] % Fixed Rate[ ] % Floating Rate10. Redemption/Payment Basis [ ]11. Status [ ]12. Security [ ]13. Listing(s): [ ]14. Method of Distribution: [ ]15. Offer Period [ ]PROVISIONS RELATING TO INTEREST (IF ANY)PAYABLE16. Fixed Rate Bond Provisions [Applicable/Not applicable] (if not applicableDelete the remaining sub-paragraphs of thisparagraph)(i) Interest Rate(s) [ ](ii) Interest Payment Date(s)/Payment Dates: [ ](iii) Interest Amount(s): [ ](iv) Day Count Fraction: [ ](v) Business Day ConventionDay][Following Business Day Convention/PrecedingBusiness Day convention/Modified Business(vi) Business Day: [ ](vii) Other terms relating to method of calculatingInterest for Fixed Rate Bonds:[Not Applicable/Give Details]87
Page 3 and 4:
DEFINITIONSUnless the context other
Page 5 and 6:
DEFINITIONS“Revenue”“SEC” o
Page 7 and 8:
ISSUE OF PRICING SUPPLEMENTS (SUPPL
Page 10 and 11:
PARTIES TO THE PROGRAMMECO- ISSUING
Page 14 and 15:
DECLARATION BY THE ISSUER14
Page 16 and 17:
SUMMARY OF THE PROGRAMME10. Use of
Page 18 and 19:
SUMMARY OF THE PROGRAMME28. Governi
Page 20 and 21:
TERMS AND CONDITIONS OF THE PROGRAM
Page 22 and 23:
Page 24 and 25:
Page 26:
Page 30 and 31:
INFORMATION ON NIGERIANational Asse
Page 32 and 33:
INFORMATION ON NIGERIAEconomyNigeri
Page 34 and 35:
INFORMATION ON NIGERIAECONOMIC REFO
Page 36 and 37: INFORMATION ON NIGERIAFinancial Ser
Page 38 and 39: INFORMATION ON NIGERIAThe Asset Man
Page 40 and 41: INFORMATION ON DELTA STATEDelta Sta
Page 42 and 43: INFORMATION ON DELTA STATETOPOGRAPH
Page 44 and 45: INFORMATION ON DELTA STATEDelta Sta
Page 46 and 47: INFORMATION ON DELTA STATE Inadequa
Page 48 and 49: INFORMATION ON DELTA STATEBrief Pro
Page 50 and 51: INFORMATION ON DELTA STATEDirector,
Page 52 and 53: INFORMATION ON DELTA STATEPaulinus
Page 54 and 55: INFORMATION ON DELTA STATEMr. Ifean
Page 56 and 57: RISK AND MITIGATING FACTORS FOR THE
Page 58 and 59: RISK AND MITIGATING FACTORS FOR THE
Page 60 and 61: FINANCIAL INFORMATION-HISTORICALSTA
Page 62 and 63: FINANCIAL INFORMATION-HISTORICALSTA
Page 64 and 65: FINANCIAL INFORMATION-HISTORICALNOT
Page 74 and 75: FINANCIAL INFORMATION-FORECASTREPOR
Page 76 and 77: The balances for 31 December 2010 r
Page 78 and 79: FINANCIAL INFORMATION-FORECASTBASES
Page 80 and 81: BOND RATING (EXTRACTED FROM THE RAT
Page 82 and 83: STATUTORY AND GENERAL INFORMATIONIN
Page 84 and 85: STATUTORY AND GENERAL INFORMATION28
Page 88 and 89: FORM OF PRICING SUPPLEMENT17. Float
show all

CONTENTS

Create successful ePaper yourself

CONTENTS

Create successful ePaper yourself

Delete template?

Save as template?