DMO lists N47.36 bn Series III green bond on NGX and FMDQ

By Elizabeth Adegbesan

The Debt Management Office (DMO) announced yesterday that it has listed the 18.95 percent, N47.36 billion Series III Sovereign Green Bond, due in June 2030, on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited.

In a statement, the DMO said the green bond demonstrates its commitment to providing the funds required to finance projects that support Nigeria’s goal of becoming a low‑carbon, climate‑resilient society.

The DMO added that the listing aims to give investors greater liquidity and to promote price transparency.

“The Green Bond, which is the third issued by the DMO on behalf of the Federal Government of Nigeria, is an attestation to the DMO’s commitment to providing funds needed to finance green projects that support Nigeria’s commitment towards achieving a low‑carbon and climate‑resilient society,” the DMO stated.

“In addition, through the issuance of Green Bonds, the DMO is increasing visibility for climate‑focused financial instruments in the domestic market, while also providing ethical investors with securities that meet their investment preferences,” it added.

“The listing of the Green Bond is to provide liquidity to investors and achieve price transparency,” the DMO reiterated.

“The DMO reaffirms its commitment to offering a wide range of securities to meet the needs of diverse investors while also deepening the domestic bond market,” it concluded.

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