Nigeria Infrastructure Debt Fund (NIDF) Extends Series 9 Offer: N26.8 Billion for Nigeria’s Infrastructure Development

The Nigeria Infrastructure Debt Fund (NIDF) is keeping its doors wide open for investors as it extends its Series 9 Offer under the N200 billion Issuance Programme.

The announcement comes as NIDF continues its mission to fuel Nigeria’s infrastructure development.

The Series 9 Offer, which was approved by the Securities & Exchange Commission and initially opened on September 19, 2023, presents a unique opportunity for investors.

It offers 246,182,408 units at a price of N108.89 per unit, making for a substantial N26.8 billion in total. These units hold a nominal value of N100 each.

This move marks the ninth capital raise for NIDF since its inception in 2017 and stands as the first since its Listing on the Nigerian Exchange Group (NGX).

The raised capital from this offering will be strategically channeled towards infrastructure loans approved by the Fund Manager’s investment committee, contributing to vital projects that will drive Nigeria’s economic growth.

Investors interested in seizing this opportunity should access further details and Offer documents, including the Application Form, through the NIDF Series 9 link.

Applications should be submitted through the Issuing House and Receiving Agents, authorized Stockbrokers handling this landmark Series 9 Offer.

As Chapel Hill Denham Management Limited’s Fund Manager, Aramide Oyeneyin expresses her optimism for the continued success of NIDF and its contributions to the nation’s infrastructure development.

With Nigeria’s infrastructure needs growing by the day, this offering presents a chance for both institutional and retail investors to be part of a solution that propels the nation towards a brighter future.

The NIDF Series 9 Offer remains open, inviting investors to invest in Nigeria’s growth and prosperity.