The Meridian

GPC Energy and Logistics plans ₦30bn InfraCredit-guaranteed infrastructure bond

Ten-year Series 1 under a new ₦100bn programme, with a 24-month principal moratorium; subject to SEC approval.

GPC-SPV Company Plc, the funding vehicle of haulage company GPC Energy and Logistics Limited, plans a ₦30bn Series 1 senior guaranteed fixed-rate infrastructure bond under a ₦100bn programme. The programme remains subject to SEC approval.

The ten-year bond carries an unconditional and irrevocable AAA-rated guarantee from InfraCredit, a 24-month principal moratorium and semi-annual coupons. Proceeds will refinance existing debt and expand the truck fleet. GPC issued a ₦20bn InfraCredit-guaranteed bond in 2021, 25.3% oversubscribed.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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