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    Wednesday, June 17

    Craneburg EKSG Lists N32.5bn Bonds on NGX

    Olu AnisereBy News No Comments2 Mins Read
    Craneburg EKSG Lists N32.5bn Bonds on NGX

    Craneburg EKSG Lists N32.5bn Bonds on NGX

    Craneburg EKSG Motorway Company Plc has listed its N32.5 billion Senior Guaranteed Fixed Rate Infrastructure Bonds on the Nigerian Exchange Ltd. (NGX). The NGX confirmed the listing in a statement issued on Tuesday.

    These 20-year bonds, carrying an interest rate of 22 per cent, were admitted for trading on Monday and are set to mature in 2045. According to NGX, the bond issuance opened on March 4 and closed on April 7, with an official issue date of April 23.

    Named 22.00 per ce CEMC GTEED APR 2045 and trading under the symbol code CEMC2045S1, the bonds were issued at a par value of N1,000 per unit. A total of 32.5 million units have been listed on the Exchange.

    The principal repayment will follow an amortised structure after an initial moratorium period, with equal debt service payments made semi-annually until the maturity date.

    The bond is backed by Infrastructure Credit Guarantee Company Ltd. and offers a fixed annual coupon of 22 per cent. Semi-annual interest payments are scheduled for April 23 and Oct. 23 each year until maturity.

    For the transaction, Anchoria Investment and Securities Ltd. and CardinalStone Securities Ltd. were appointed as stockbrokers. FBNQuest Trustees Ltd. and CardinalStone Registrars Ltd. served as the trustees and registrars, respectively.

    Anchoria Advisory Ltd. acted as the lead issuing house, while Coronation Merchant Bank, Greenwich Merchant Bank, and Iron Global Markets Ltd. served as joint issuing houses. #Craneburg EKSG Lists N32.5bn Bonds on NGX#

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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