Templars has advised ALM Trustees as bond trustee in connection with the debut bond issue by Fidson Healthcare plc, a leading Nigerian pharmaceutical and healthcare solutions company.

The 15.5% Secured Fixed Rate Bonds due 2019 which will be listed on the Nigerian Stock Exchange is the first of such debt capital market issuance by a Nigerian pharmaceutical or healthcare sector company. The N2,000,000,000 issue proceeds were intended to refinance the issuer’s existing bank debt.

The Templars team on the transaction was led by finance partner Chike Obianwu, who was assisted by Senior Associate Khadija Osammor and Associate Modupe Dabiri.