Chapel Hill Denham to List N200bn Infrastructure Fund on NGX

Kayode Tokede

The Nigerian Exchange Limited (NGX), yesterday said it is set to admit the listing of Nigeria Infrastructure Debt Fund (NIDF) N200 billion public infrastructure investment fund by Chapel Hill Denham on its bourse.  

The fund aims to provide investors regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria.

Chief Executive Officer, NGX, Mr. Temi Popoola in a statement emphasized the commitment of the Exchange to infrastructural development and wealth creation in the country. 

He noted that the listing aligns with NGX’s mission to support financial market instruments that drive sustainable wealth creation and infrastructural advancement in Nigeria. 

According to Popoola, NGX will further enhance the visibility of NIDF, giving investors access to more investment options.

On his part, Chief Executive Officer, Chapel Hill Denham, Mr. Bolaji Balogun, said that NIDF has been Nigeria’s best performing fund over the last five years and has delivered significant impact and economic returns. 

He further stated that NIDF has achieved a market capitalization of N92.54 Billion, a freefloat of c.95%, and a remarkable record of zero non-performing loans from inception till date, a testament to an effective portfolio risk management strategy.

Through its listing on NGX, NIDF opens up the chance for investors to benefit from a diversified portfolio of asset backed loans across multiple sub-sectors and geographical spread, and listing on the Nigerian Exchange (NGX) will further improve liquidity.