FirstCap Champions Real Estate Financing with Lekki Gardens’ ₦25B CP Issuance Establishment

FirstCap Limited, Nigeria’s leading investment banking and capital markets advisory firm and a subsidiary of First HoldCo Plc, has announced its strategic role as Joint Issuing House and Placing Agent in the successful structuring and execution of a

₦25 billion Commercial Paper Programme for Lekki Gardens Estate Limited.

This milestone transaction underscores FirstCap’s position at the forefront of Nigeria’s debt capital markets, delivering innovative financing solutions that support infrastructure development and unlock value for institutional investors.

The Lekki Gardens issuance demonstrates FirstCap’s ability to deliver superior outcomes in dynamic market conditions. It also aligns with two key national priorities: Capital Market Deepening – Expanding the issuer base and instrument diversity to enhance liquidity and investor access and Real Estate Financing – Offering players in the real estate sector flexible, cost-effective alternatives to traditional bank lending, accelerating project timelines

Subsequent issuances of Commercial Paper under the Programme will support Lekki Gardens’ general corporate purposes and working capital requirements, facilitating sustained growth and expansion across its real estate portfolio.

“This transaction exemplifies FirstCap’s commitment to designing capital solutions that drive long-term value,” said Ukandu E. Ukandu, Managing Director, FirstCap. “Our work with Lekki Gardens highlights our ability to mobilise institutional capital, navigate regulatory complexity, and structure financing that fuels Nigeria’s economic progress. As infrastructure demands rise, we remain focused on bridging the funding gap with innovative, investor-friendly instruments.”

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About FirstCap Limited

FirstCap Limited is a dynamic investment banking and capital markets advisory firm, and a subsidiary of First HoldCo Plc, one of Africa’s most resilient and trusted financial institutions. With over two decades of experience delivering tailored financial solutions that drive growth, transformation, and long-term value. Our core expertise spans mergers and acquisitions, capital raising, and strategic financial advisory. Backed by a proven record of landmark transactions across multiple sectors, FirstCap is a trusted partner of choice for corporations, institutions, and entrepreneurs navigating complex financial landscapes.

Our dedicated team combines global insight with local market intelligence to help clients seize opportunities, mitigate risks, and achieve their most ambitious goals. We are committed to

providing the clarity, precision, and execution that our clients need in today’s fast-evolving business environment.

 

 

 

 

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