Tag: Green Bond
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FG’s N50bn green bond oversubscribed, draws N91bn
Investors again demonstrated confidence in the Federal Government of Nigeria (FGN) Securities by the high level of subscription of N91.42 billion recorded in the recent Sovereign Green Bond offer.
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N15b Green Bond oversubscribed by 220% – DMO
Nigeria’s second Sovereign Green Bond offered for N15 billion has been oversubscribed by 220 per cent, the Debt Management Office (DMO) said on Thursday. A statement from DMO said “the proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris…
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Our N95bn Green Bond fully subscribed – Access Bank
Access Bank Plc. said on Monday that a five-year Fixed Rate Senior Unsecured N15 billion Green Bond, the first climate bond to be issued in Africa, had been fully subscribed. The bank’s Group Managing Director, Mr Herbert Wigwe, stated this at the bond-signing ceremony in Lagos. Green bond is a bond specifically earmarked to be…
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SEC launches green bond rules
The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday. Speaking at the launch of the rules, Ms. Mary Uduk, Ag. Director-General, SEC stated that, “As Nigeria strives to harness the resources of non-oil sectors to anchor the transition to a more resilient economy, there is the…
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Nigeria to issue N150bn green bonds in 2018 – Official
Following increased calls for climate funding, Mr Ahmad Salihijo, a technical assistant to the Minister of Environment, said the ministry planned to issue N150 billion green bonds to the public. Salihijo revealed this in a panel discussion on Making Climate Finance Work for Women and Non-State Actors organized by Climate Wednesday in the just concluded…
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FG offers N10.69bn Green Bonds at 13.48 per cent per annum
The Federal Government on Monday offered for subscription by auction N10.69 billion worth of sovereign green bonds, the Debt Management Office (DMO) said. The offer is in a circular on DMO’s website. It stated that the five-year tenor bond would mature in 2022 at a coupon rate of 13.48 per cent per annum. The green…