Federal Government of Nigeria set to issue N15 billion Green Bond

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Jumia shuts down in Cameroon

E-commerce company, Jumia Technologies on Monday, November 18 shut down its operations in Cameroon without notice just as it...

OPay Launches OCar, Set To Disrupt Uber, Bolt, Others

Opera-backed Opay has announced its launch of OCar, the newest addition to its slew of ride-hailing services in Nigeria. Indeed, the...
- Advertisement -
- Advertisement -

Following the Federal Government of Nigeria’s (‘’FGN’s’’) successful debut Green Bond Issuance of N10.69 billion in December 2017 – by which Nigeria became the first African country to issue a Green Bond – the Federal Government of Nigeria (“FGN”) is set to undertake a second issuance; a Series II Green Bond of up to N15 billion.

To ensure the success of the Series II Green Bond (“the Offer”), the Federal Ministry of Finance, Federal Ministry of Environment and the Debt Management Office (“DMO”) will be engaging investors at respective Roadshows in Lagos and Abuja on May 27, 2019, and May 28, 2019.

The Series II Green Bond issuance is a further demonstration of the FGN’s commitment to the reduction of greenhouse gas emissions by 20% (unconditionally) by 2030, as outlined under the Paris Agreement signed on September 21, 2016. Through the Offer, the FGN seeks to raise N15 billion to finance projects with green credentials. These eligible green projects can be classified under three (3) themes within the green bond framework, namely: renewable energy, afforestation, and transportation.

Read:  All You Need To Know About The FGN Savings Bond (FGNSB)

Moody’s Investors Service has assigned a GB1 (Excellent) Green Bond Assessment to the Offer. The DMO is working with Chapel Hill Denham Advisory Limited,
Capital Assets Limited, Rand Merchant Bank Nigeria Limited, and Stanbic IBTC Capital Limited as Financial Advisers/Issuing Houses to the Offer.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

The new Mercedes-Benz Actros – Truck of the Year 2020

Stuttgart / Lyon – Specialist commercial vehicle journalists from 24 European countries voted for the Mercedes-Benz Actros to be crowned...

Intercity Bus fare up 0.59% in October 2019 – NBS

Transport Fare watch report indicates that the average fare paid by commuters for bus journey within the city increased by 0.96% month-on-month and decreased...

‘PR’s global growth set to surge beyond 2020’ – ICCO World PR Report 2020

Global agency heads are overwhelmingly optimistic about the growth of public relations, according to figures revealed in today’s International Communications Consultancy Organisation (ICCO) World PR...

LSFPR top 15 on the Holmes Report Global Creative Index as most creative PR agency in the world

Leading public relations agency, LSF|PR has risen above its global counterparts to emerge pound for pound, the 11th most creative PR agency in the world,...

More Articles Like This