GPC Energy to Issue N30 Billion Infrastructure Bond
GPC-SPV Company Plc has announced plans to issue a N30 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond under its N100 billion Bond Issuance Programme, marking the return of its parent company, GPC Energy and Logistics Limited, to Nigeria’s debt capital market. Founded by Elvis Chukwudi Okonji, GPC Energy and Logistics is a Nigerian B2B haulage and logistics company that commenced operations in 2010 and has expanded to a fleet of over 900 trucks.
The bond issuance, announced by IRON Capital Markets Limited on August 24, 2026, is fully guaranteed by Infrastructure Credit Guarantee Company Plc (InfraCredit). The N30 billion bond has a 10-year tenor and is backed by an unconditional AAA-rated guarantee from InfraCredit.
The specific coupon rate and other details have yet to be disclosed. This issuance is significant, representing approximately 71% of GPC’s projected 2024 revenue.
GPC previously issued a N20 billion bond in November 2021 under a N50 billion Debt Issuance Programme.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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