Coronation Infrastructure Fund (CIF) has launched its Series II Offer, targeting up to ₦20 billion to finance critical infrastructure projects across Nigeria.
The offer is being issued under the Fund’s ₦200 billion Shelf Programme and consists of up to 186.9 million units priced at ₦107.00 per unit.
Key details
- Fund: Coronation Infrastructure Fund (CIF)
- Offer size: Up to ₦20 billion
- Units on offer: Up to 186.9 million
- Offer price: ₦107.00 per unit
- Programme size: ₦200 billion Shelf Programme
- Objective: Finance critical infrastructure projects across Nigeria
Why it matters
The Series II Offer is designed to channel long-term capital into infrastructure assets, helping bridge Nigeria’s infrastructure financing gap. Funds raised are expected to support projects in sectors that are critical to economic development, while providing investors with exposure to infrastructure-backed investments.
The launch also reflects continued efforts by investment managers to mobilize private capital for infrastructure development, reducing reliance on government funding alone.
Outlook
If fully subscribed, the ₦20 billion raise will represent another step toward executing the Fund’s broader ₦200 billion capital-raising programme. As infrastructure remains one of Nigeria’s largest investment needs, vehicles such as the Coronation Infrastructure Fund are expected to play an increasingly important role in financing roads, power, transportation, and other strategic assets over the long term.
