The Debt Management Office (DMO) has listed the 18.95% N47.335 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited.
- +DMO lists N47.335 billion Green Bond on NGX, FMDQ
The disclosure was made on Wednesday in a press statement issued by the DMO and shared on its official X account.
The disclosure was made on Wednesday in a press statement issued by the DMO and shared on its official X account.
The Series III Sovereign Green Bond is a climate-focused debt instrument issued by the Federal Government through the DMO to raise funds for environmentally sustainable projects aimed at supporting Nigeria’s transition to a low-carbon and climate-resilient economy.
According to the statement, the latest issuance represents the third Sovereign Green Bond floated by the DMO on behalf of the Federal Government and reflects the agency’s commitment to mobilising capital for environmentally friendly projects aligned with Nigeria’s climate goals.
The office further acknowledged the roles played by transaction advisers and market stakeholders involved in the issuance process, including Chapel Hill Denham and Stanbic IBTC Capital Limited as issuing houses and bookrunners, alongside legal adviser S.P.A. Ajibade and Co.
The DMO reiterated its commitment to broadening the range of investment securities available to investors while strengthening the domestic bond market.
The latest listing comes as the Federal Government intensifies efforts to mobilise alternative financing for climate and environmental projects.
The push toward green financing also aligns with broader environmental reforms by the Federal Government. Earlier, President Bola Tinubu approved the implementation and operationalisation of Nigeria’s carbon market framework, a policy projected to generate at least $3 billion annually for the country by 2030.
The latest green bond listing also comes amid renewed domestic borrowing activities by the Federal Government.
The bonds are priced at N1,000 per unit, with a minimum subscription of N50.001 million and additional investments allowed in multiples of N1,000.
