…Chapel Hill Denham and Stanbic IBTC Capital Limited acted as Financial Advisers/Book Runners/Issuing Houses on the Transaction
FRI JUNE 20 2025-theGBJournal| FG’s latest Sovereign Green Bond Offer closed on Thursday with N91.42 Billion in total subscriptions, reflecting investors confidence in the Federal Government of Nigeria (FGN) Securities.
The Offer was for N50 billion and represents the third Green Bond Issuance by the Debt Management Office (DMO) on behalf of the the federal government of Nigeria.
The Issuance attracted strong investor interest, with total subscriptions reaching N91.42 billion, representing a subscription rate of 183%.
”This impressive demand reflects investor confidence in Nigeria’s growing Green Bond Market and its commitment to sustainable finance and development, as well as climate action,” the Debt Management Office said.
Investors were allotted a total of N47.355 billion at a coupon of 18.95% per annum.
DMO said proceeds from the Issuance will be used to finance projects in the 2024 Appropriation Act that support Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement and its broader climate commitments, including the target to achieve net-zero emissions by 2060.
”The strong investor interest in this Green Bond demonstrates growing confidence in Nigeria’s commitment to sustainable financing,” said Ms. Patience Oniha, Director-general of the DMO.
”Green Bonds are becoming an increasingly important instrument for mobilising capital towards our climate objectives and sustainable development agenda.”
The Green Bond is yet another contribution of the DMO towards the deepening of the domestic capital market and the DMO remains committed to this objective.
Chapel Hill Denham and Stanbic IBTC Capital Limited acted as Financial Advisers/Book Runners/Issuing Houses on the Transaction.
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