Federal Government of Nigeria Issues N15 billion Series II Green Bond


Monday, June 03, 2018 05:54 PM / DMO


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 15 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.

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.

Download Here FGN Green Bond Offer for Subscription - Series II

Download Here - FGN N15bn Green Bond Series II Prospectus

Proshare Nigeria Pvt. Ltd.

Related News

  1. Average Money Market Rate Decreased By 7.04% To Settle At 4.54% Due To Buoyant System Liquidity
  2. Stanbic IBTC Bank Plc Series 48, 49 and 50 Commercial Paper To Open On May 31, 2019
  3. CBN’s Wholesale FX Auction Pressures Money Market Rates Higher
  4. Bullish Run Subsides as CBN Resumes OMO Auction; Average Yields Close at 12.2%
  5. Investors Show High Appetite for Longer Tenor Bond; OVN and OBB Rose to 12% and 11.14%
  6. Investors Show Stronger Demand For The 30 Year FGN Bond At The May 2019 Auction
  7. Summary of FGN Bond Auction Results For May 2019
  8. Dangote Cement Plc Series 5, 6 and 7 Commercial Paper Opens Today
  9. Local Markets to Hold Steady as CBN Retains MPR at 13.50%
  10. Money Market Rate Decreased As OVN and OBB Fell To 5.29% and 4.57%
  11. The Bulls Sustain Hold On The T-Bills Market As CBN Halts OMO Auctions; Average Yields Down to 12.3%
  12. T-Bill Rates Decline Further in Absence of CBN OMO Auction

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
Related News