In Show of Strength, Nigeria Raises U S $4 Billion Through Eurobonds marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
25 Poorest countries in the world in 2021 and their GDP per capita ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
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The Senate on Tuesday received a request from President Muhammadu Buhari to raise the sum of N2,343,387,942,848 from multilateral and bilateral lenders, as well as the International Capital Market (ICM) through the issuance of Eurobonds.
The amount which is equivalent to USD$6, 183,081,643.40 at the Budget Exchange Rate of USD$1/N379, is captured as New External Borrowing in the 2021 Appropriation Act (Item No.330), and meant to part-finance this year’s Budget Deficit of N5.602 trillion.
The request was contained in a letter addressed to the Senate President, Ahmad Lawan, and read during plenary.
According to the President, the request was made in line with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (Establishment) Act, 2003.
James Langton
The federal government is aiming to raise $5 billion for green infrastructure investment when its inaugural green bond hits the market later this year.
The government indicated in the 2021 federal budget that it will publish a framework for issuing green bonds in the coming months, in advance of its first green bond launch that’s planned for sometime in fiscal 2021-2022. The initiative was first proposed in the fall economic update last year.
In today’s budget, the government indicated the planned bond the “first of many green bond issuances” may finance a variety of projects, including investments in green infrastructure, cleantech innovation and nature conservation.
Feds plan $5-billion green bond issue advisor.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisor.ca Daily Mail and Mail on Sunday newspapers.