The FMDQ Exchange has approval for the listing of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF”) Series 9 106.35mm of ₦100 each at ₦108.89 under its ₦200.00bn on its platform, which occurred on January 8, 2024.
The Chapel Hill Denham NIDF, which is sponsored by Chapel Hill Denham Advisory Limited – a Registration Member (Listings) of the Exchange – provides investors with stable income through debt investments in Nigerian infrastructure projects and helps them build a diversified portfolio in projects with essential economic and social services, long-term predictable cash flows, and a durable asset base with long useful life.
With a commitment to its mandate of deepening the Nigerian financial markets, FMDQ Exchange will continue to support the efficient allocation of capital by providing a credible platform for capital formation and effective intermediation, fostering economic growth and development.
Chapel Hill Denham Management Limited is a leading independent investment banking, securities trading, and investment management firm. The Company is focused on providing unbiased advisory, execution, and investment services to corporations, governments, institutions, and individuals involved in investing in and developing Nigeria and Africa.
It would be recalled that the Nigeria Infrastructure Debt Fund (NIDF) was listed on the main board of the Nigerian Exchange (NGX) on Thursday, 5 October 2023. NIDF listed 853,817,592 units at N108.39 per unit.
The Nigeria Infrastructure Debt Fund (“NIDF”) is the first and only infrastructure debt fund dedicated to and domiciled in Nigeria. The Fund is registered as an Infrastructure Fund under the relevant rules and regulations of the Securities & Exchange Commission (“SEC”), Nigeria and the National Pension Commission, Nigeria.
