Friday, December 22, 2017
Video - Nigeria becomes first in Africa to issue Sovereign Green Bond
Nigeria has become the first country in Africa to issue a Sovereign Green Bond and the fourth nation in the world to do so after Poland, France and Fiji. The 10.69 billion naira five-year green bond is expected to settle by Friday. And that's when we will know if investors have really warmed up to the Bond. The country's Debt Management Office has listed the Bond on the Nigerian Stock Exchange. Moody's Investors Service has also assigned a Green Bond Assessment of "excellence" to the issuance. Deji Badmus has been speaking with a member of the Investment bank, Chapel Hill Denham, who is the financial adviser on the Bond.