The Debt Management Office (“DMO”) has announced the results of its second Sovereign Green Bond offering (the “Offer”) for
The results of the second Sovereign Green Bond issuance revealed increased knowledge and awareness of Green Bonds by subscribers, and perhaps also demonstrated a greater level of commitment from the general public towards protecting the environment.
Total value of subscriptions received was
N32.93 billion, representing 220% of the N15 billion offered. Similarly, the number of subscribers doubled when compared to the figure for the first Sovereign Green Bond issued in December 2017.
Retail investors were not left out, as the number of individuals who subscribed for the second Sovereign Green Bond more than doubled. The amount of subscriptions grew by almost 201% with the share of total subscriptions rising to 1.43%compared to 0.67% for the 2017 Sovereign Green Bond.