WorldStage Newsonline– The Nigeria Infrastructure Debt Fund (NIDF), Nigeria’s largest and Africa’s first-ever listed infrastructure investment trust has announced the opening of its Series 10 Offer under the N200 billion Issuance Programme.
Chapel Hill Denham Management Limited, the Fund Manager in a notice at the Nigerian Exchange said the offer opened on May 15, 2024 and scheduled to close on June 13, 2024.
It was listed as up to N20.24 billion Series 10 offer of 185,000,000 units of N100 each issued at N109.43.
NIDF facilitates domestic and foreign institutional capital into infrastructure development in Nigeria, which has resulted in key development outcomes.
The issuance represents the Fund’s tenth (10th) capital raise since inception in 2017 and the second since its Listing on Nigerian Exchange Limited. The proceeds from the Offer will be applied towards infrastructure loans approved by the Fund Manager’s Investment Committee.
