Market Update: Listing of Coronation Infrastructure Fund – Series 1 ️
Source: NSE | Date: 25-Aug-2025
The Coronation Infrastructure Fund, managed by Coronation Asset Management Limited, has listed 87,900,000 units of its Series 1 Fund today, Monday, 25 August 2025, on the Nigerian Exchange Limited (NGX). Each unit was issued at N100, bringing the total fund size to N8.79 billion. The units were issued under the broader N200 billion Issuance Programme. The fund will operate as a closed-end fund with a tenor of 10 years, maturing on 29 May 2034.
The Trading Symbol for the Coronation Infrastructure Fund is CNIF, and its ISIN number is NGCNIF000007. The Series 1 fund was initially issued on 29 May 2024.
The listing was supported by Coronation Merchant Bank Limited and FCMB Capital Markets Limited as joint issuing houses, with Stanbic IBTC Trustees Limited serving as the trustee. Access Bank Plc is the custodian, while Coronation Registrars Limited manages the registration of units.
This listing reflects continued growth in Nigeria’s infrastructure investment space and offers investors access to long-term infrastructure projects through a structured, professionally managed fund.
Source: NSE | Date: 25-Aug-2025
The Coronation Infrastructure Fund, managed by Coronation Asset Management Limited, has listed 87,900,000 units of its Series 1 Fund today, Monday, 25 August 2025, on the Nigerian Exchange Limited (NGX). Each unit was issued at N100, bringing the total fund size to N8.79 billion. The units were issued under the broader N200 billion Issuance Programme. The fund will operate as a closed-end fund with a tenor of 10 years, maturing on 29 May 2034.
The Trading Symbol for the Coronation Infrastructure Fund is CNIF, and its ISIN number is NGCNIF000007. The Series 1 fund was initially issued on 29 May 2024.
The listing was supported by Coronation Merchant Bank Limited and FCMB Capital Markets Limited as joint issuing houses, with Stanbic IBTC Trustees Limited serving as the trustee. Access Bank Plc is the custodian, while Coronation Registrars Limited manages the registration of units.
This listing reflects continued growth in Nigeria’s infrastructure investment space and offers investors access to long-term infrastructure projects through a structured, professionally managed fund.