TSL SPV Plc has listed its N5bn 21 per cent Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond on the Nigerian Exchange Limited, under its N50bn bond issuance programme.
The 10-year bond, which matures in June 2035, is backed by a guarantee from Infrastructure Credit Guarantee Company Limited. It is aimed at financing critical infrastructure and logistics-related projects of the Transport Services Limited group and its co-obligors, Flomill Distribution Limited.
According to the market bulletin issued by the NGX recently, the bond was listed at a par value of N1,000 per unit, with a total of five million units listed. The coupon on the bond is fixed at 21 per cent per annum, payable semi-annually, with the first coupon date set for June 30, 2025.
The redemption structure of the Series 1 bond is amortised, with equal semi-annual debt service payments commencing 48 months after the issue date of March 11, 2025, and ending on the maturity date of June 30, 2035.
The security code for the listed bond is TSL2035S1, and it is symbolised as 21.00% TSL GTEED JUN 2035.
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