Index to Nigerian Newspapers

Lagos State’s N200bn Bond Oversubscribed By 55%

Lagos State has successfully completed its historic bond issuance, with both a N200 billion Conventional Bond and a N14.8 billion Green Bond significantly oversubscribed. The Conventional Bond, the largest issued by a non-corporate sub-national in Nigeria, attracted N308 billion in subscriptions, a 54% oversubscription. The Green Bond, recognized as an impact climate bond, garnered N28.7 billion, 94% above its target. Governor Babajide Sanwo-Olu highlighted this achievement as a sign of confidence in Nigeria's economy, bolstered by recent federal reforms. The funds raised will support projects in transportation, healthcare, education, and environmental sustainability, aligning with the THEMES+ Agenda to enhance the lives of Lagosians and secure a prosperous future.

Chukwunyem Tony | 1) Bonds—Nigeria—Lagos State 2) Municipal bonds—Nigeria—Lagos State 3) Government securities—Nigeria | New Telegraph | Tuesday, November 18, 2025