TSL SPV Plc has listed its N5bn 21 per cent Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond on the Nigerian Exchange Limited, under its N50bn bond issuance programme.
The 10-year bond, which matures in June 2035, is backed by a guarantee from Infrastructure Credit Guarantee Company Limited. It is aimed at financing critical infrastructure and logistics-related projects of the Transport Services Limited group and its co-obligors, Flomill Distribution Limited.
According to the market bulletin issued by the NGX recently, the bond was listed at a par value of N1,000 per unit, with a total of five million units listed. The coupon on the bond is fixed at 21 per cent per annum, payable semi-annually, with the first coupon date set for June 30, 2025.
