The Debt Management Office (DMO) has commenced the process of listing N47.335 billion series 111 Green Bond on the Nigeria Exchange Group ( NGX ) and FMDQ Securities Exchange Limited for investor subscriptions.

The bond, third in the series, is due for maturity in June 2030 at 18.95% interest, DMO disclosed in a statement posted on the website.
Green bonds are becoming an increasingly important instrument for mobilising capital towards climate objectives and sustainable development.

The Debt Office defends preference for Green Bond, describing it as a visibility window for climate-focused financial instruments in the domestic market, in addition to providing ethical investors with securities that meet their investment preferences.

“The Listing of the Green Bond is to provide liquidity to investors and achieve price transparency”, said DMO.

Transaction Parties and Issuing Houses of the Green Bond are – Chapel Hill Denham and Stanbic IBTC Capital Limited, and the Legal Adviser – S.P.A. Ajibade and Co., as well as other market stakeholders.

The DMO reiterates its commitment to providing a wide range of securities to meet the needs of diverse investors while also deepening the domestic bond market.

Last year, in June, DMO allotted a green bond worth N47.355 billion to investors at 18.95%.

The bond opened N50 billion in green bonds for subscription, and this attracted N91 billion from investors.

The issuance attracted strong investor interest, with total subscriptions reaching N91.42 billion, representing a subscription rate of 183 per cent.