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Lagos State N125 billion Bond Offer to Close Dec 1

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The Lagos State Government Series IV Bonds of up to N125 billion under the State’s N500 billion Bond Issuance Programme will close on December 1st.

The offer which opened on Friday November 19, 2021 is a 10 years fixed rate Senior unsecured note with minimum subscription of N10 million, and multiples of N5 million thereafter.

It will be listed on the FMDQ Securities Exchange Limited and/or Nigeria Exchange Limited for secondary market liquidity.

The State has been able to access much needed complementary funding, which augments the State’s revenues and provides the critical support required to accelerate and actualize the provision of physical and social infrastructure/amenities, thus improving the overall living standards of residents in the State.

The proceeds of the Issuance will enable Lagos State further accelerate the development of physical and social infrastructure in the State in line with the State’s THEME Agenda.

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