FG lists N15 billion green bond on NSE

The federal government on Monday listed its N15 billion green bond on the daily official list of the Nigerian Stock Exchange (NSE).

The News Agency of Nigeria (NAN) reports that the seven-year bond issued at coupon rate of 14.50 per cent on June 13, 2019 would mature on June 13, 2026.

The Series II Green Bond was issued to finance renewable energy, afforestation, and transportation projects.

The series 11 bond followed the debut Sovereign ₦10.69 billion Green Bond that was issued in December 2017 and listed on the NSE in July 2018.

Commenting on the listing, NSE Head, Trading Business Division, Jude Chiemeka, said the exchange was pleased to admit the bond.

“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 (MOE) and the Debt Management Office on deepening the Green Bond market, which dates back to 2016, reinforces the Exchange’s commitment to position Nigeria as a financial centre for green and sustainable financing,” Mr Chiemeka said.