Lagos State Government Up To N100bn 10-Year Fixed Rate Bond Issuance Now Open


Friday, January 03, 2019 09:39 AM / By Arthur Stevens Asset Mgt / Header Image Credit: bizwatchnigeria


We are pleased to inform you that the Lagos State Government ("Lagos State" or "the State") has finalized arrangements for the launch of the Series III, up to N100 Billion Bond Issuance ("the Issuance"); under the State's N500 billion Bond Issuance Programme.  The Book Build commences, Tuesday December 31, 2019 and ends on Monday January 13, 2020.


The proceeds of the Issuance will enable Lagos State accelerate the development of physical and social infrastructure in the State; particularly in respect of the current government's THEME Agenda. Lagos State is pleased to continue to access the domestic debt markets, given the very strong support garnered over the last twelve (12) years from the investor community. The State has been able to access much needed complementary funding, which augments the State's revenues and provides the critical support required to accelerate and actualize the provision of physical and social infrastructure/amenities, thus improving the overall living standards of residents in the State.


Please find below the indicative terms of the proposed offer:

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Proshare Nigeria Pvt. Ltd.

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