Opening on 18 December – NGN10.69bn 5-year FGN green bond due 2022 with Chapel Hill Denham as bookrunner.
Moody’s Investors Service has assigned a Green Bond Assessment of GB1 (Excellent) to the issuance and is expected to be listed on the Nigerian Stock Exchange (NSE) by the Nigerian Debt Management Office (DMO).
The bond will finance projects in the 2017 Appropriation Act for Afforestation, Renewable Energy and the provision of Clean Energy to support education, enabling Nigeria to reduce its CO2 emissions by 40 percent by 2030, to “support initiatives aimed at moderating climate change by investing in solar plants, hydro power and agriculture” – towards the achievement of Nigeria’s commitments to the Paris Agreement.
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