Emerging Africa Capital Takes Charge of a ₦40 Billion Private Infrastructure Bond in Nigeria

The Emerging Africa Group, acting financial adviser and lead issuing house, led the completion of NEN. This is an Infrastructure Ltd’s 10-year private bond. This was budgeted at N40.9 billion.

About Emerging Africa

Emerging Africa is a leading investment banking and financial services group, dedicated to catalyzing the growth of African businesses and communities. This is done through Environmental, Social, and Governance (ESG) led solutions.

By harnessing talent, facilitating innovation, and promoting sustainable development, it generates value for stakeholders. The generated value is through direct equity investments in subsidiary companies and by facilitating debt and equity capital financing for Corporate and Institutional clients.

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The company’s diverse subsidiaries encompass Investment Banking, Asset Management, Infrastructure Finance, Financial Technology, Venture Capital, and Microfinance banking. While it reflects a holistic approach to driving economic prosperity and inclusive growth across the continent.

Emerging Africa Capital N40bn Bond

The private bond affected the full repayment of N36bn syndicated bridge finance provided jointly in 2023 by Emerging Africa Capital Limited, United Bank for Africa, Polaris Bank and WEMA Bank Plc, and raised additional funds.

This issuance is the first portion of an N100 billion program. The funds raised will be instrumental in driving numerous infrastructure projects in Bauchi State, addressing pressing needs within the State. The projects to be funded span critical areas such as food security, road transportation, commerce and social cohesion.

Emerging Africa Bond Restores Confidence In Bauchi Administration

Toyin Sanni, executive vice chair at Emerging Africa Capital, affirmed in a statement that the success of the bond demonstrates the confidence reposed in the administration of Bala Mohammed, governor of Bauchi State. Also, it reveals the expertise of the financial advisers, Emerging Africa Capital Advisory Limited, and the commitment and professional abilities of all parties to the transaction.

She said: “Leading and collaborating with a consortium of partner banks and capital market operators, the Emerging Africa Group appreciates the opportunity to advance its commitment to proffering superior solutions to the infrastructure needs of African States. Also, this includes a vision to raise and deploy up to N250 billion towards projects in Northern Nigeria between 2022 and 2027.”

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