Investment Opportunity in Nigeria Infrastructure Debt Fund (NIDF) @ 17.03%
Dear Esteemed Client,
MBC Securities Limited is delighted to present to you an investment opportunity in the Nigeria Infrastructure Debt Fund (“the CHD NIDF” or “the Fund”) Series IV Offer of up to N16.26 Billion (‘’the Offer’’) under the CHD NIDF’s N200 Billion Issuance Programme. The proceeds from the Offer will be applied towards infrastructure loans approved by the Fund manager’s investment committee.
Since inception, the NIDF has delivered consistent and predictable above inflation returns – TTM returns of 24.8% and annualized cash yield of 17.03%. Besides delivering attractive returns, the NIDF is also at the core of Nigeria’s economic transformation by adding to the country’s infrastructure stock, channeling institutional capital into productive assets, and supporting sustainable economic growth.
Please find below a summary of the terms of the offer:
| Entity | Nigeria Infrastructure Debt Fund |
| Structure | Close-ended Unit Trust, regulated by SEC Nigeria Compliant with PENCOM Investment Guidelines and SEC Rules on Infrastructure Funds |
| Programme | N200 billion under which the Units will be issued from time to time |
| Fund Manager | Chapel Hill Denham Management Limited |
| Offer size | N16.268 billion |
| Offer Price | N108.45 per unit |
| Yield | 17.03% |
| Offer Units | 150 million Units |
| Minimum Subscription | N10,000,000.00 |
| Closing Date | January, 16, 2019 |
| Issuance cost | 1.20% of the Offer Size |
| Listing | FMDQ-OTC |
The offer is scheduled to close on January, 16, 2019. Application forms can be submitted during the offer period, but investors are required to remit their investment amounts into the designated offer proceeds account (please refer to Application Form for details) between January 14th and January 16th, 2019.
Kindly find attached the investment teaser and the application form.
