Africa's biggest economy first issued 10.69 billion naira in Green Bond in 2017 as part of efforts to fund renewable energy projects and align with global best practice in raising finance for projects.
According to the debt office, Nigeria was the first African country to issue a Green Bond.
In its bids to sensitive investors and ensure the success of the fresh issuance, the debt office together with the finance ministry and its environment counterpart will embark on Roadshow to Lagos and Abuja between May 27-28, 2019.
"The Series II Green Bond issuance is a further demonstration of the FGN’s commitment to the reduction of greenhouse gas emissions by 20% (unconditionally) by 2030, as outlined under the Paris Agreement signed on September 21, 2016," the DMO said.
The debt office said through the Offer, the government is seeking to raise 15 billion nairas to finance projects with green credentials, which include renewable energy, afforestation, and transportation.
Moody’s Investors Service, the DMO said has assigned a GB1 (Excellent) Green Bond Assessment to the Offer.
The DMO is working with Chapel Hill Denham Advisory Limited, Capital Assets Limited, Rand Merchant Bank Nigeria Limited, and Stanbic IBTC Capital Limited as Financial Advisers/Issuing Houses to the Offer.
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