Transport Service Limited

Transport Services Limited (TSL), a key player in Nigeria’s transport and logistics sector, is thrilled to announce a landmark achievement in our journey towards sustainable expansion. By partnering with InfraCredit, a leading infrastructure credit guarantee institution, TSL has successfully secured a N12 billion 10- Year Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond, due 2030. This bond issuance is part of our ambitious N50 billion Debt Issuance Programme, representing a pivotal moment for both TSL and the Nigerian infrastructure landscape. The N12 billion bond issuance marks a strategic leap forward for TSL. The proceeds will be used to refinance our

short-term loans, transitioning to longterm fixed-rate debt. This financial restructuring will provide a robust foundation to support TSL’s continuous growth and ambitious expansion plans. By aligning our financing with long-term goals, we aim to enhance our operational capabilities and seize emerging opportunities within the transport and logistics sector. The success of the TSL Bond is a testament to the collaborative efforts of key stakeholders. We extend our gratitude to Stanbic IBTC Capital Limited and ARM Securities Limited, who played crucial roles as joint Issuing Houses/Bookrunners for this transaction. The unwavering support of our investors, regulators, and project partners has been instrumental

in reaching this milestone. Our CEO, Ayodeji Wright, expresses heartfelt thanks to all parties involved in bringing the TSL Bond to fruition. Emphasizing TSL’s commitment to delivering bespoke supply chain and logistics solutions, Wright highlights the bond’s significance in reinforcing our business strategy and stimulating profitable growth over the next decade. Chinua Azubike, CEO of InfraCredit, underscores the importance of facilitating access to long-term local currency finance for infrastructure development. By partnering with TSL, InfraCredit aims to support the expansion of critical transport infrastructure, contributing to Nigeria’s economic recovery and sustainable development goals. As we embark on this new chapter

of growth, fueled by the issuance of the N12 billion bond, TSL remains steadfast in our commitment to excellence and innovation. With a strong foundation and strategic partnerships in place, we are poised to redefine standards within the transport and logistics sector, driving economic prosperity and improving livelihoods across Nigeria. The collaboration between TSL and InfraCredit exemplifies a shared vision for fostering sustainable development through strategic investments in infrastructure. Together, we stand as a testament to the potential for impactful change within Nigeria’s infrastructure landscape. At TSL, we are dedicated to creating a brighter future for Nigeria through innovative transport

and logistics solutions. Join us as we pave the way for a new era of growth and prosperity.