The Debt Management Office (DMO) reported that investors once again demonstrated their confidence in the values of the federal government of Nigeria (FGN) through the high level of subscription, ₦ 91.42 billion, remembered in the recent offer of sovereign green bonds.
He added that the offer, which closed on Wednesday, June 18, 2025, was for ₦ 50 billion and represents the third emission of green bonds by the DMO on behalf of the FGN.
According to the DMO, the broadcast attracted a strong interest of investors, with total subscriptions that reach the ₦ 91.42 billion, which represents a subscription rate of 183 percent.
The DMO stressed that this impressive demand reflects the confidence of investors in the growing green bond market in Nigeria, as well as its commitment to finance, sustainable development and climate action.
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Investors were assigned a total of ₦ 47,355 billion at a coupon rate of 18.95 percent per year. The DMO pointed out that the income of the issuance will be used to finance projects in the 2024 appropriation law that supports the contributions (NDC) determined at the national level of Nigeria under the Paris Agreement and its broader climatic commitments, including the objective to achieve net-zero emissions in 2060.
“The strong interest of investors in this green bonus demonstrates a growing confidence in Nigeria's commitment to sustainable financing. Green bonds are becoming an increasingly important instrument to mobilize capital towards our climatic objectives and the sustainable development agenda,” said Mrs. Patience Oniha, general director of the DMO.
The green bonus is another contribution of the DMO towards the deepening of the national capital market, and the office remains committed to this objective.
Chapel Hill Denham and Stanbic Ibtc Capital Limited acted as financial advisors, book corridors and broadcasting houses in the transaction.
Nigerian tribe