The Nigerian Exchange Limited (NGX) has recorded a surge in capital market activity with the listing of the N4.64 billion infrastructure bond issued by Elektron Finance SPV Plc.
The 22.00% Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond, listed on Monday, November 3, 2025, represents the first tranche under its N200 billion Bond Issuance Programme.
The 15-year bond, maturing in July 2040, carries a fixed coupon rate of 22% per annum, making it one of the most attractive long-term debt instruments currently traded on the NGX.
The issue was structured as a senior guaranteed bond, backed by the Infrastructure Credit Guarantee Company Plc (InfraCredit) and co-obligated by Victoria Island Power Limited.
The strong credit enhancement from InfraCredit has positioned the instrument as a low-risk, high-yield asset for institutional investors seeking stable returns amid volatile market conditions.
According to the NGX, the bonds listed at par value of N1,000 per unit will make semi-annual coupon payments on January 7 and July 7, commencing in July 2025.
Amortised redemption payments will begin 36 months after issuance, continuing until maturity in July 2040, ensuring disciplined repayment throughout the tenor.
The bond attracted strong institutional participation, reflecting renewed investor confidence in Nigeria’s growing infrastructure-backed debt market.
Market analysts note that the listing of Elektron Finance’s Series 1 bond underscores the increasing importance of long-tenor corporate instruments in bridging Nigeria’s infrastructure financing gap.
With a robust 22% annual yield and InfraCredit’s guarantee, the bond provides a safe and rewarding investment alternative for pension funds, insurance firms, and asset managers.