• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

      Finance

      Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable

      January 19, 2021

      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Markets

      Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO

      6 hrs

      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      17 hrs

      Frontpage

      Covid-19 vaccine: Nigeria, 54 others to benefit from African Union’s 270m doses

      January 21, 2021

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Companies

      Appeal Court suspends order against shutting of SEPLAT headoffice

      6 hrs

      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

      Companies

      TIPP Oil, German lubricant maker, targets 2021 Nigeria launch with eco-friendly scheme  

      January 19, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

      Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

Frontpage

Nigeria issues N10.69bn 5-yr Green Bond for public subscription

December 18, 20171.2K views0 comments

The Nigerian government, through the Debt Management Office (DMO), has offered for public subscription, a N10.69 billion Green Bond for the purpose of funding clean energy projects in the 2017 budget.

The bond, which has a 5-year tenor and a coupon/interest rate of 13.45 percent, is open for subscription Monday, December 18 and closes Wednesday, December 20. The settlement date is December 22, 2017.

Patience Oniha  Director-General, Nigeria’s Debt Management Office (DMO)
Patience Oniha Director-General, Nigeria’s Debt Management Office (DMO)

According to the DMO, the bond would be available at N1,000 per unit subject to a minimum subscription of N10 million and a multiple of N1 million thereafter.

Coupon payments under the bond would be half yearly while redemption would be done via bullet payment on the date of maturity.

Read Also:

  • Amidst N32.22trn public debt, analysts say Nigeria’s external debt…
  • Nigeria: The WHEAT importation albatross
  • Reflections on interagency collaboration in security management in Nigeria
  • Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA
  • Nigeria equities go bearish on selloffs in DangCem, AXA Mansard, UBA

The DMO says the issuance of the bond would provide funds for financing of environmental projects by ministries, department, and agencies (MDAs) towards the achievement of Nigeria’s commitments to the Paris Agreement.

The Green Bond, therefore, signals the commitment of the Federal Government in protecting the environment and leading citizens to take climate change seriously. It would also create benchmarks for successive issuances of green bonds by state governments and corporates for financing environmental projects.


Nigeria consumer inflation in 10-month low at 15.90% in November


It would equally provide opportunities for investors interested in preserving the environment to contribute to the country’s efforts at environmental preservation while earning income from a low-risk sovereign instrument.

With the issuance, Nigeria thus becomes the first African country to float such fixed income securities to provide solutions to climate change; Kenya had announced plans to float a Green bond early in the year, which has yet to materialize.

The proceeds from the Nigerian green bonds are to be used to finance projects towards protecting the environment and reversing the harmful effects of climate change.

Green bonds, also known as climate bonds are like regular bonds, with a slight difference – they are issued to finance projects that have a positive impact on the environment and provide solutions to climate change. In other words, they can only be used to fund projects that have been identified to have environmental benefits and their contribution to emissions reduction clearly articulated.

According to the offer circular, the bond will be listed in the Nigerian Stock Exchange and FMDQ OTC Securities Exchange.

Share on Facebook Tweet Email
TagsDebt Management Office DMO Green Bond
PreviousOn the economic front, 2017 is ending on a high note, says IMF
NextChina plans to kill local subsidies for electric cars

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Appeal Court suspends order against shutting of SEPLAT headoffice
  • Eko Atlantic City to utilise local content for economic diversification in Nigeria
  • Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO
  • Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina
  • Nigeria equities go bearish on selloffs in DangCem, AXA Mansard, UBA

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Nigeria’s airspace agency, airline bicker over plane’s faulty landing

Frontpage September 8, 2019

1
2

Nigerian stocks trade lower with index dipping 1.2% as investors hedge their bets awaiting policy outcome

Frontpage September 26, 2017

3

Nigeria market expects maize price drop to N120,000 per tonne

Commodities January 20, 2021

4

Energy Group to Buhari:

Frontpage September 30, 2019

5

High treasury bills yield rates crowding out real sector as lenders, investors look more to treasury market

Frontpage May 29, 2017

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.