Issue of ₦4,013,852,000 Series 2 Tranche A Under its N25,000,000,000 Commercial Paper Programme
LEKKI GARDENS ESTATE LIMITED
LGELCP262A8
- Size
- 4,013,852,000
- Issue Date
- 05 Mar, 2026
- Maturity Date
- 30 Nov, 2026
- Tenor
- 270 days
- Face Value
- 4,013,852,000
- Discount Rate
- 18.5%
About this issuance
"Lekki Gardens Estate Limited (“Lekki Gardens”, the “Company” or the “Issuer’) is an indigenous real estate company that is into the acquisition and development of land and property across the residential, commercial and retail sectors. The Company’s operations currently span three states (Lagos, Ogun and Rivers) and the Federal Capital Territory, Abuja. Lekki Gardens was incorporated and commenced operations on August 23, 2012, and has its head office at Plot 1, Lekki Gardens Estate, KM 24 Lekki Epe Expressway, Lagos. Lekki Gardens is one of West Africa’s leading master developers. Their distinctive signature projects form a portfolio of iconic master residential developments in Lagos. They are a real estate company committed to delivering world-class real estate options to homeowners and rewarding investment grounds for investors. They’ve expanded beyond their Ikoyi roots to offer a diverse range of properties in Ikeja GRA, Osborne, Alexander Road, and Banana Island, driven by a commitment to determination, excellence, and continuous evolution."
- CP Title
- Issue of ₦4,013,852,000 Series 2 Tranche A Under its N25,000,000,000 Commercial Paper Programme
- ISIN
- NGLGELCP262A8
- Sector
- Real Estate
- Categorization
- Debt Instrument
- Issue Size
- 4,013,852,000
- Discount Rate
- 18.5%
- Face Value
- 4,013,852,000
- Tenor
- 270 days
- Issue Date
- 05 Mar, 2026
- Maturity Date
- 30 Nov, 2026
- Instrument Type
- LEKKI GARDENS ESTATE LIMITED 25,000,000,000 commercial paper
- Credit Ratings
- GCR Ratings (short Term Rating: A2, Long Term Rating: BBB+) DataPro Limited (short Term Rating: A1, Long-Term Rating: A-)
- Issuing and Placing Agent(s) (IPA)
- Pathway Advisors Limited, FirstCap Limited
- Collecting and Paying Agent(s) (CPA)
- Providus Bank Limited
- Issuing, Placing, Paying and Collecting Agent(s) (IPCA)
- N/A
- Status
- Active
No corporate disclosures have been published for this issuance.
- Address
- Plot 1, Lekki Gardens Estate, KM 24, Lekki-Epe Expressway, Lagos
- info@newlekki.com
- Web Address
- www.lekkigardens.com
- Company Hotline
- 7001239008
-
Hon. Gbenga Oduwaiye
Chairman
-
Dr Richard Nyong OON
Managing Director/Chief Executive Officer
-
Mrs. Olusola Nyong
Non-Executive Director
-
Engr. Olushola Sanni
Independent Non-Executive Director
-
Dr Christiana Amida
Executive Director
-
Mr. Tola Oshobi, SAN
Non-Executive Director
-
Mr. Funsho Onasanya
Non-Executive Director
- Lead Sponsor
- Pathway Advisors Limited
- Joint Sponsors
- —
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