By Aduragbemi Omiyale
The N200 billion public infrastructure investment fund by Chapel Hill Denham will be listed on the floor of the Nigerian Exchange (NGX) Limited on Thursday, October 5, 2023.
The fund, created under the Nigeria Infrastructure Debt Fund (NIDF) by the investment firm, aims to provide investors with regular and stable income by making primarily debt investments in infrastructure projects located in the country.
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 bourse will further improve liquidity.
The chief executive of Chapel Hill Denham, Mr Bolaji Balogun, has described the NIDF as Nigeria’s best-performing fund over the last 5 years because it has delivered significant impact and economic returns.
According to him, it has achieved a market capitalisation of N92.54 billion, a free-float of about 95 per cent, and a remarkable record of zero non-performing loans from inception till date, a testament to an effective portfolio risk management strategy.
At the exchange today, the team at Chapel Hill Denham will engage stakeholders at an event known as Facts Behind the Listing. The company would be given the honour of hitting the closing gong of the NGX, signalling the end of trading activities for the day.
Commenting ahead of the event, the chief executive of the NGX, Mr Temi Popoola, emphasized the commitment of the bourse 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, promising that the exchange will further enhance the visibility of NIDF, giving investors access to more investment options.
