Nigeria Infrastructure Debt Fund (NIDF) successfully listed on the main board of the Nigerian Exchange (NGX) on Thursday, 5 October 2023. NIDF listed 853,817,592 units at N108.39 per unit.
The listing of NIDF units added a total of N92.54 Billion to the market capitalisation of NGX further advancing the diversification of asset classes in the Nigerian capital market.
Bolaji Balogun, Chief Investment Officer, NIDF, and Chief Executive Officer, Chapel Hill Denham, said: We are deeply honored to list NIDF on NGX. Since we launched, NIDF has been primarily available to institutional investors. Given our strong governance structure and impact credentials, we are excited to make infrastructure an investible asset class available to a wider orbit of investors in Nigeria through this listing.
Anshul Rai, Chief Executive Officer, NIDF, added: NIDF has established a solid track record of performance and delivering strong, predictable returns to its investors. We are now the preferred financing partner of project sponsors and operators who seek to finance critical infrastructure in a sustainable way. We are proud of our accomplishments and look forward to delivering increasing value to our investors and clients following our listing on NGX.
Phil Southwell, Chairman, NIDF, further stated: Back when it was launched, NIDF was the first of many things and it has heralded a significant shift around the focus of infrastructure in Nigeria and the importance of local currency. We are proud to list NIDF on NGX and we recognise the opportunity to shift the way the NGX as a market continues to grow.
About Nigeria Infrastructure Debt Fund
The Nigeria Infrastructure Debt Fund (“NIDF”) is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. The Fund is registered as an Infrastructure Fund under the relevant rules and regulations of the Securities & Exchange Commission (“SEC”), Nigeria and the National Pension Commission, Nigeria.
NIDF is sponsored by Chapel Hill Denham.