NGX Admits N15.34bn Infrastructure Debt Fund by Chapel Hill Denham
The Nigerian Exchange (NGX) has approved the listing of the N15.34 billion Chapel Hill Denham Management Limited's Series 11 Nigeria Infrastructure Debt Fund on its platform. The fund consists of 140.1 million units and is part of a N200 billion issuance program scheduled to mature on December 10, 2025.
This move increases the total outstanding units of the Nigerian Infrastructure Debt Fund to 1.196 billion units, making it Nigeria's largest and Africa's first-ever listed infrastructure investment trust. The fund aims to provide long-term financing for infrastructure projects in Nigeria, offering investors regular income and exposure to naira-denominated infrastructure debt.
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