Craneburg EKSG Motorway launches 20-year infrastructure bond, focused at funding toll highway tasks   

Craneburg EKSG Motorway Firm has launched an infrastructure bond assured by InfraCredit, with a 20-year tenor.

This announcement was communicated in a notification to Nairametrics, stating that the bond permits traders to take part in infrastructure tasks with reliable income streams.

Particularly, the bond will finance a Toll Street Undertaking designed to enhance connectivity and sort out Nigeria’s infrastructure deficit.

In line with the Craneburg, “By mobilizing long-term capital, the mission seeks to reinforce important highway infrastructure, stimulate financial development, and elevate the general high quality of life.” 

With a nominal worth of N32.5 billion, the bond is focused at Excessive-Web-Price People and Certified Institutional Buyers, with the provide opening on Tuesday, March 4, 2025, and shutting on Friday, March 14, 2025.

It presents a coupon fee between 19.5% and 20.5%, with a minimal subscription of N5,000,000, in increments of N1,000,000.

What to know 

The bond, with a nominal worth of N32.5 billion, has a internet issuance price of N663.32 million (2.04% of the whole).

• Of the whole, N28.37 billion (87.28%) might be earmarked for capital expenditures, N3.37 billion (10.37%) for debt reserve necessities, and N100 million (0.31%) for mission preparation prices.
• The bond is assured by InfraCredit, and has a tenor of 20 years.
• Iron World Markets Restricted is the issuing home.

In line with Craneburg, the bond backs an AAA ranking from Agusto & GCR and has obtained approval from the Securities and Trade Fee (SEC) for regulatory compliance.

‘’The bond additionally complies with PenCom rules, making it eligible for funding by Pension Fund Directors (PFAs).’’ 

In regards to the firm 

• Craneburg Development Firm is a personal building group in Nigeria that gives companies throughout numerous sectors, it was based in 2013.

• With a workforce of over 7,000, the corporate undertakes tasks in a number of industries, emphasizing a client-focused strategy based mostly on its expertise with Tier 1 and enormous firms.