Goddy Egene
The Nigerian Stock Exchange(NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
This Series II Green Bond, issued to finance renewable energy, afforestation and transportation projects, followed the debut Sovereign N10.69bn Green Bond that was issued in December 2017 and listed on the NSE in July 2018.
Commenting on the listing, Head, Trading Business Division, NSE, Mr. Jude Chiemeka, said: “We are pleased to admit the Series II FGN Green Bond to our Green and Sustainable Bond Market. Our collaboration with the Ministry of Environment and the Debt Management Office(DMO) on deepening the green bond market, which dates back to 2016, reinforces the exchange’s commitment to position Nigeria as a financial center for green and sustainable financing. The recent partnership with the Luxembourg Stock…
Source: Thisday Newspaper
