Issue of ₦6,198,369,000 Series 2 Tranche B Under its N25,000,000,000 Commercial Paper Programme
LEKKI GARDENS ESTATE LIMITED · LGELCP272B7
Status
Active
About Commercial Paper
"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."
Commercial Paper Information
Monday, 28 September 2026 at 12:53
| Issuer | Description | Issued Date | Maturity Date | Tenor (days) | Discount(%) | Status |
|---|---|---|---|---|---|---|
| LEKKI GARDENS ESTATE LIMITED | Issue of ₦6,198,369,000 Series 2 Tranche B Under its N25,000,000,000 Commercial Paper Programme | 05 Mar, 2026 | 04 Mar, 2027 | 364 days | 19.2% | Active |
Related Company Information
- CP Title
- Issue of ₦6,198,369,000 Series 2 Tranche B Under its N25,000,000,000 Commercial Paper Programme
- ISIN
- NGLGELCP272B7
- Sector
- Real Estate
- Categorization
- Debt Instrument
- Issue Size
- 6,198,369,000
- Discount Rate
- 19.2%
- Face Value
- 6,198,369,000
- Tenor
- 364 days
- Issue Date
- 05 Mar, 2026
- Maturity Date
- 04 Mar, 2027
- 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
- —
- Programme Name
- LEKKI GARDENS ESTATE LIMITED ₦25,000,000,000 Commercial Paper Issuance Programme
- Programme Code
- LEGLCP25BN
- Programme Description
- LEKKI GARDENS ESTATE LIMITED - Listing of ₦6,198,369,000 Series 2 Tranche B Commercial Paper Issuance Under its ₦25,000,000,000 Commercial Paper Programme
- Programme Size
- 25,000,000,000
- Series Code
- LEGLS225BN
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