Craneburg EKSG Lists N32.5bn Infrastructure Bond on NGX, Targets Long-Term Capital for Development
In a strategic push to finance critical infrastructure, Craneburg EKSG Motorway Company Plc has officially listed its ₦32.5 billion, 20-year fixed-rate bond on the Nigerian Exchange Limited (NGX), enhancing investor access to one of the country’s landmark long-term capital projects.
The bond 22.00% CEMC GTEED APR 2045 was admitted to trading on the NGX on Monday, July 21, 2025, under the ticker symbol CEMC2045S1. It is backed by Infrastructure Credit Guarantee Company Limited (InfraCredit), ensuring investor confidence through its credit enhancement structure.
Structured with a fixed annual coupon of 22% and semi-annual interest payments due every April 23 and October 23, the bond is due for maturity in April 2045. The issuance was done at par (₦1,000 per unit) with a total of 32.5 million units listed on the exchange.
The offer opened on March 4 and closed on April 7, 2025, with an official issue date of April 23, 2025. The principal repayment is structured on an amortised basis, following a moratorium period, with equal semi-annual debt servicing until maturity making it an attractive, predictable yield instrument for institutional and retail investors.
The deal brought together some of Nigeria’s leading capital market institutions. Anchoria Advisory Limited acted as the lead issuing house, with Coronation Merchant Bank, Greenwich Merchant Bank, and Iron Global Markets Limited serving as joint issuing houses.
On the trading side, Anchoria Investment and Securities Limited and CardinalStone Securities Limited served as stockbrokers, while FBNQuest Trustees Limited and CardinalStone Registrars Limited were appointed as trustees and registrars, respectively.
The bond is expected to provide sustainable long-term funding for the company’s motorway projects, particularly in Ekiti State, while also deepening the Nigerian debt capital market.
