Announcing the result on its website recently, following the close of the exercise, DMO said, “Investors have once again demonstrated their confidence in the Federal Government of Nigeria (FGN) Securities by the high level of subscription of N91.42 billion recorded in the recent Sovereign Green Bond Offer.”
The Offer, which closed on Wednesday, June 18, 2025, was for N50 billion and represents the third Green Bond Issuance by the Debt Management Office (DMO) on behalf of the FGN.
The DMO added that the issuance attracted strong investor interest, as the N91.42 billion represented a 183 per cent subscription rate.
According to the DMO, “This impressive demand reflects investor confidence in Nigeria’s growing Green Bond Market and its commitment to sustainable finance and development, as well as climate action.
“Investors were allotted a total of N47.355 billion at a coupon of 18.95 per cent per annum.
“Proceeds from the Issuance will be used to finance projects in the 2024 Appropriation Act that support Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement and its broader climate commitments, including the target to achieve net-zero emissions by 2060.”
The Director-General of DMO, Ms. Patience Oniha was quoted as saying, “The strong investor interest in this Green Bond demonstrates growing confidence in Nigeria’s commitment to sustainable financing.
“Green Bonds are becoming an increasingly important instrument for mobilising capital towards our climate objectives and sustainable development agenda.”
DMO said the Green Bond was another contribution of the organization towards the deepening of the domestic capital market and that it remained committed to this objective.
Chapel Hill Denham and Stanbic IBTC Capital Limited acted as Financial Advisers/Book Runners/Issuing Houses on the Transaction.