Coronation Asset Management Ltd is set to list its Coronation Infrastructure Fund (CIF) on the Nigerian Exchange (NGX) in a move to broaden access to infrastructure-focused investments for a wider pool of institutional and retail investors.
This move comes on the heels of a record-setting capital raise of N8.79 billion in its maiden Series I offer, which is Nigeria’s largest capital raise for a debut infrastructure fund.
The proceeds will be reflected in the listing of 87.9 million units at N100 per unit on the NGX, the company said in a statement.