Investment Opportunity in Nigeria Infrastructure Debt Fund (NIDF) @ 17.03%

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.

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