Craneburg EKSG Lists N32.5bn Infrastructure Bonds on NGX with 22% Yield

Published by

Jeremiah Ayegbusi

Craneburg EKSG Motorway Company Plc has successfully listed ₦32.5 billion Senior Guaranteed Fixed‑Rate Infrastructure Bonds on the Nigerian Exchange (NGX). Designated under the symbol CEMC2045S1, the 20‑year bonds carry a robust 22% annual interest rate and will mature in 2045.

The listing was officially confirmed on Tuesday following trading admission on Monday. The issuance period spanned from March 4 to April 7, with an official issue date of April 23.

Issued at par (₦1,000 per unit), the bond totals 32.5 million units. An initial moratorium is in place, followed by amortised principal repayments. Semi‑annual debt service payments are scheduled until maturity.

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The fixed coupon rate of 22% per annum is disbursed semi‑annually on April 23 and October 23 each year through to 2045. The bond is fully backed by Infrastructure Credit Guarantee Company Ltd, enhancing its creditworthiness.

Anchoria Advisory Ltd served as lead issuing house, with Coronation Merchant Bank, Greenwich Merchant Bank, and Iron Global Markets Ltd supporting as joint issuing houses. Anchoria Investment & Securities Ltd and CardinalStone Securities Ltd served as stockbrokers. Trustees’ and registrars’ roles were fulfilled by FBNQuest Trustees Ltd and CardinalStone Registrars Ltd, respectively.

This NGX‑listed infrastructure bond offers a compelling high‑yield opportunity for Nigerian market participants seeking long‑dated, fixed‑rate income. Its robust backing and structured repayment offer transparency and appeal to institutional and retail investors alike.

Jeremiah Ayegbusi

Jeremiah Ayegbusi is an economist and former Academic Officer of the Nigerian Economic Students Association, Redeemer's University Chapter (NESARUN). He analyzes economic news and conducts research for long-form analysis, leveraging his strong academic foundation and passion for insights.