Craneburg EKSG Motorway Company Plc has listed its N32.5bn 20-year 22 per cent senior guaranteed fixed-rate infrastructure bond on the Nigerian Exchange Limited.
The bond, which was admitted for trading on Monday, July 21, 2025, is due for maturity in April 2045. It is backed by Infrastructure Credit Guarantee Company Limited and carries a fixed annual coupon of 22 per cent, with semi-annual interest payments scheduled for April 23 and October 23 each year until maturity.
According to a market bulletin issued by NGX Regulation, the bond, named 22.00% CEMC GTEED APR 2045 and trading under the symbol code CEMC2045S1, was issued at par (N1,000 per unit) with 32.5 million units listed.
The issuance opened on March 4, 2025, and closed on April 7, 2025, with an issue date of April 23, 2025. The principal repayment will follow an amortised structure after a moratorium period, with equal debt service payments made semi-annually until the maturity date.
Anchoria Advisory Limited served as the lead issuing house for the transaction, while Coronation Merchant Bank, Greenwich Merchant Bank, and Iron Global Markets Limited acted as joint issuing houses. Anchoria Investment and Securities Limited and CardinalStone Securities Limited served as stockbrokers, while FBNQuest Trustees Limited and CardinalStone Registrars Limited were appointed as trustees and registrars, respectively.
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