ANSWER THIS IN 700 TO 1000 WORDS (PLEASE ANSWER THIS WITHIN ONE DAY)

Calus a fintech limited liability company, was incorporated in October 2018 in Nigeria as a digital consumer lender to provide financial services to MSMEs and other income earners in Nigeria in the form of working capital and consumer loans. The primary digital product offering covers loans with tenor ranging from 15-days to 12 months to MSMEs and consumers. The loan product sizes range from NGN 10K to NGN 500K.

In order to expand its loan book, Calus has determined that its funding requirement is N10 billion and it is considering launching a Public Bond. Calus needs your advise to determine a course of action.

REQUIREMENTS

a. Who would be the Target for the bond; are there any key issues or guidelines to consider for the various targets to improve the chances of success of the bond (1 - 2 slides)

b. Provide a pricing recommendation (with basis) for the bond (1 2 slides)

c. In your view, what are the major challenges/risk factors with marketing/selling the

bond and how would you manage these (1 slide)