WATCH THE VIDEO HERE Craneburg EKSG Motorway Company has launched an infrastructure bond guaranteed by InfraCredit, with a 20-year tenor. This announcement was communicated in a notification to Naijaonpoint, stating that the bond allows investors to participate in infrastructure projects with dependable revenue streams. Specifically, the bond will finance a Toll Road Project designed to improve connectivity and tackle Nigeria’s infrastructure deficit. According to the Craneburg, “By mobilizing long-term capital, the project seeks to enhance essential road infrastructure, stimulate economic growth, and elevate the overall quality of life.” With a nominal value of N32.5 billion, the bond is targeted at High-Net-Worth Individuals and Qualified Institutional Investors, with the offer opening on Tuesday, March 4, 2025, and closing on Friday, March 14, 2025. It offers a coupon rate between 19.5% and 20.5%, with a minimum subscription of N5,000,000, in increments of N1,000,000. The bond, with a nominal value of N32.5 billion, has a net issuance cost of N663.32 million (2.04% of the total). According to Craneburg, the bond backs an AAA rating from Agusto & GCR and has received approval from the Securities and Exchange Commission (SEC) for regulatory compliance. ‘’The bond also complies with PenCom regulations, making it eligible for investment by Pension Fund Administrators (PFAs).’’
Craneburg EKSG Motorway launches 20-year infrastructure bond, targeted at funding toll road projects
