Coronation Infrastructure Fund Series 2 Offer: ₦20bn Launch

Coronation Infrastructure Fund (CIF) has opened its Series II Offer, seeking to raise up to ₦20 billion through the issuance of 186,915,887 units at ₦107.00 per unit. The offer forms part of the Fund's broader ₦200 billion Shelf Programme.

CIF is a Naira-denominated, closed-end infrastructure debt fund managed by Coronation Asset Management Limited and regulated by the Securities and Exchange Commission (SEC) Nigeria. The Fund is intended to be listed on the Nigerian Exchange Limited (NGX).

The Fund currently holds assets under management (AuM) of over ₦9.2 billion. If the Series II Offer is fully subscribed, the Fund's AuM is expected to grow to over ₦30 billion.

CIF's investment focus spans transportation, energy, utilities, telecommunications, social infrastructure, and real estate sectors. The Fund operates as an infrastructure debt fund, meaning its portfolio consists of debt instruments extended to infrastructure projects rather than equity stakes.

Investors seeking further information can contact CIF Investor Relations at +234 802 909 0328, +234 703 288 8624, or via email at cif_info@coronationam.com. The filing was signed by Aigbovbioise Aig-Imoukhuede on behalf of Coronation Asset Management Limited.