Lagos Bond Subscription Don Hit N310bn

Oga Yomi Oluyomi, wey be Lagos State Commissioner for Finance, don tok say di state don make history as dem finish di bookbuild for dia landmark bond issuance wey investors dash am serious welcome. For statement wey im make on Monday, Oluyomi explain say di state bring out N200bn Conventional Bond and N14.8bn Green Bond, and both of dem seriously get oversubscription. Di Conventional Bond, wey be di biggest wey any non-corporate sub-national don ever issue for Nigeria’s history, drag subscription wey reach N308bn, mean say na 54 per cent oversubscription above di first offer. Lagos State be di first sub-national government wey issue impact climate bond. Di Green bond collect N28.7bn – na 94 per cent more dan di target wey dem set.

Oga Governor of Lagos State, Babajide Sanwo-Olu, yan say, “Dis show say di whole world believe for Nigeria’s economy, wey di bold reforms wey President Bola Tinubu start, help make am strong, just as we see for di way Federal Government Eurobond get oversubscription recently.” Im come add say for Lagos, “Dis na proof of our strength and di serious support wey our private sector partners give us, wey believe for our plan to build Africa’s model megacity wey safe, secure, and dey work well.” Di state go continue to make sure say dem manage money well, dem go accountable, and dem go transparent as dem dey provide good place for businesses to grow. Dem talk say di money wey dem collect from dia Bonds go fund important projects for di state, wey match Governor Babajide Sanwo-Olu’s THEMES+ Agenda. Dem go focus on things like transport, health, education, and environmental sustainability, all of dem to make di life of all Lagosians better and make di future of di state stronger.