GPC Energy and Logistics plans N30 Billion infrastructure bond offer
GPC-SPV Company Plc has announced plans to issue a N30 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond under its N100 billion Bond Issuance Programme. The post GPC Energy and Logistics plans N30 Billion infrastructure bond offer appeared first on Nairametrics .
GPC Energy and Logistics Limited has announced plans to issue a N30 billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond as part of its N100 billion Bond Issuance Programme. The company, founded by former banker Elvis Chukwudi Okonji, is a Nigerian B2B haulage and logistics firm that has grown from five trucks in 2010 to a fleet of over 900 trucks, serving major clients like Nestlé and Nigerian Breweries.
The bond issuance, fully guaranteed by Infrastructure Credit Guarantee Company Plc (InfraCredit), represents a significant return to Nigeria's debt capital market for GPC Energy and Logistics. The 10-year bond is targeted at Qualified Institutional Investors and High-Net-Worth Investors and is not GPC's first foray into the debt capital market; in 2021, it issued a N20 billion bond under a N50 billion programme.
The new bond offers substantial returns relative to the company's financial scale, with a maturity and coupon rate yet to be disclosed.
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