The Lagos Free Zone Corporation (“LFZC or LFZ”) has announced the successful issue of a N17.5 billion 20-Year Series 3 Senior Guaranteed Fixed Rate Corporate Infrastructure Bonds due 2043 (the “LFZ Bonds”). This is the third issuance under an expanded N61 billion Bond Issuance Plan.
The Lagos Free Zone is being established as Nigeria’s largest port-based economic zone and will act as a model for industrial growth in both West Africa and Nigeria.
The Zone is outfitted with a variety of shared industrial infrastructure required for luring investments from the top trading partners of Nigeria, in keeping with its mission statement, “to be the preferred industrial center in West Africa with world-class infrastructure.” LFZC Series 3 is supported by an unconditional and irrevocable guarantee from InfraCredit.
