N10.69bn Sovereign Green Bond Oversuscribed -DMO

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Enterprise Television- N10.69bn Sovereign Green Bond Oversubscribed- DMO

The Debt Management Office has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors.

At the close of the offer, the total subscription received was N10.791bn compared to the N10.69bn offered.

The investors who subscribed to the green bond includes banks, pension funds, asset managers and retail investors. The DMO had offered N10.69bn Sovereign Green Bond for a tenor of five years and an interest of 13.48 per cent.

The DMO showed his satisfaction of the great interest shown by investors and added that it showed investors interest in new products and support for the objective behind the issuance of the bond which is to invest in projects that will contribute to preserving the environment.

The DMO expressed its commitment to providing products that met the needs of investors for their portfolio preferences and to continue to promote financial inclusion.