MARKET BULLETIN


3 November 2025				                                               NGXREG/IRD/MB84/25/11/3
Elektron Finance SPV Plc: Listing of Bonds

Trading License Holders are hereby notified that the Elektron Finance SPV Plc?s N4,640,000,000 22.00% Series 1 Senior Guaranteed Fixed Rate Infrastructure Bonds due 2040 under the N200,000,000,000 Bond Issuance Programme was listed on Nigerian Exchange Limited today, Monday, 3 November 2025.

Below are details of the Bonds:

Particulars	                   Bond
Issuer	                                  Elektron Finance SPV Plc
Co-Obligor	                   Victoria Island Power Limited
Guarantor	Infrastructure Credit Guarantee Company Plc
Symbol Name	                   22.00% EFSPV GTEED JUL 2040
Symbol Code	                   EFS2040S1
ISIN 	                                  NGEFS2040S1
Bond Description	                15-year 22% senior guaranteed fixed rate infrastructure bonds due 2040 
Programme Size	                N200,000,000,000.00
Series Size	                N4,640,000,000.00
Quantity to be listed          	4,640,000
Unit Value	                               N1,000.00

Price	At par, N1,000.00 per unit of the Bond 
Series Number	I
Coupon	22% p.a.
Issue Date	7 July 2025
Maturity Date	7 July 2040
Tenor	15 years
Coupon Payment Basis	Fixed Rate
Coupon Payment Date	7 January and 7 July (Semi-annual) commencing 7 July 2025.The Coupon shall accrue from the allotment date
Redemption/Payment Basis		Bonds shall be amortised by equal debt service payments semi-annually each year commencing thirty-six (36) months after the Issue Date until the Maturity Date
Joint Stockbrokers	Anchoria Securities Limited
	Vetiva Securities Limited
	ARM Securities Limited
Lead Issuing house	Vetiva Advisory Services Limited
Joint Issuing Houses

	Anchoria Advisory Services Limited
	Asset & Resources Management Capital Limited
	CardinalStone Partners Limited
	FBNQuest Merchant Bank Limited
	Iron Globa