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DMO Unveils N50bn Green Bond at 19% Yield to Fund Eco Projects
The Business NG
|The BusinessNG
In a bold move to bolster environmentally sustainable financing in Nigeria, the Debt Management Office (DMO) has announced a new N50 billion green bond issuance for public subscription. Offered at N1,000 per unit, the bond opened for purchase on June 16 and will close on June 18, with settlement scheduled for June 23, 2025.
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According to a statement issued on Tuesday in Abuja, the DMO said the bond is a five-year fixed-income instrument set to mature in 2030. It carries an annual interest rate between 18.75% and 19.25%, with coupon payments made semi-annually. The principal repayment will be made in full at maturity.
This story is from the The BusinessNG edition of The Business NG.
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