Infrastructure Credit Guarantee Company (InfraCredit )—Nigerian specialised infrastructure credit guarantee institution, has taken a significant step towards expanding its investor base by listing its shares on the NASD OTC Securities Exchange.
The company listed 15.255 billion shares at ₦2.43 per share, implying a listing value of ₦37.069 billion. This development is expected to provide new investment opportunities for the general public.
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The listing of InfraCredit's shares has also had a positive impact on the NASD OTC Exchange, increasing the Exchange's total market value to ₦1.95 trillion.
InfraCredit is a credit guaranteeing company promoted by the NSIA: Nigeria Sovereign Investment Authority (NSIA) and GuarantCo, and backed by InfraCo Africa (Private Infrastructure Development Group Company), KfW Development Bank, Africa Finance Corporation, African Development Bank and Domestic Institutional Investors – Leadway Assurance Company Limited and AIICO Insurance Plc
The listing is also expected to enhance InfraCredit's ability to mobilize capital for infrastructure development in Nigeria, supporting the country's economic growth and development.
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