Kazeem Ugbodaga
Lagos State Government on Monday announced the closure of the N85, 140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State.
Commissioner for Finance, Mr. Akinyemi Ashade in a statement, said the Bond was issued in two tranches of N46,370,000,000 16.75 percent Tranche 1 maturing August 2024 and the N38,770,000,000 17.25 percent Tranche 2 maturing August 2027, under the N500bn Third Debt Issuance Programme.
Ashade recalled that the government had on Friday, August 12, issued an N85.14 billion Series II Bond in two tranches- a 7 year N46, 370,000,000 16.75 percent bond maturing in August 2024; and a 10-year N38, 770,000,000 17.25 percent bond maturing in August 2027, under the N500 billion Third Debt Issuance Programme, by way of a book building.
According to him, the…
Read More…..PM News
