Elektron Finance Lists N4.64bn Infrastructure Bond on NGX, Strengthening Long-Term Capital Access
The Nigerian Exchange Limited (NGX) has recorded a boost in capital market activity following the official listing of the N4.64 billion infrastructure bond issued by Elektron Finance SPV Plc, marking the first tranche under its N200 billion Bond Issuance Programme.
The 22.00% Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond was listed on the exchange on Monday, November 3, 2025, and is structured as a 15-year instrument set to mature in July 2040. With a fixed coupon rate of 22% per annum, the bond currently stands as one of the most attractive long-term, yield-bearing instruments available to investors on the NGX.
The bond issuance benefits from significant credit enhancement measures. It is backed by the Infrastructure Credit Guarantee Company Plc (InfraCredit) and co-obligated by Victoria Island Power Limited, elevating the security profile of the instrument and reducing perceived default risk for investors.
Market analysts note that the presence of InfraCredit’s guarantee has effectively positioned the bond as a low-risk, high-yield investment option, particularly appealing to pension funds, insurance companies, and other institutional investors looking to hedge against inflation and market volatility while securing predictable returns.
The NGX confirmed that the bonds were listed at a par value of N1,000 per unit, with coupon payments scheduled on a semi-annual basis—specifically on January 7 and July 7 each year, beginning July 2025.
In line with standard infrastructure financing structures, amortised redemption payments will commence 36 months after issuance, continuing periodically until final maturity in July 2040, ensuring systematic and disciplined repayment over the lifespan of the bond.
The listing underscores ongoing efforts to deepen Nigeria’s infrastructure financing framework through capital market instruments and reflects growing investor appetite for long-dated securities that offer strong credit security and stable income.
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