Sanwo-Olu signs N137.3b largest fixed bond by state government | The Guardian Nigeria News - Nigeria and World News

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Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, signed the necessary documents required by the Securities & Exchange Commission (SEC) to finalise the issuance of Lagos State’s N137.3b 13% 2021/2031 Fixed Rate Bond Series IV Bond Issuance, under the N500b fourth debt issuance programme of the state.

*Commissions network of 9-roads, bridge in Kosofe

” This strong response from the investing community – to our administration’s debut bond issuance – is humbling and is indeed a testament to continued investor confidence in the State’s ability to deliver on its infrastructural and socio-economic developmental objectives; and to meet repayment obligations.

He listed the projects to include the Lekki Regional Road, Rehabilitation of Ijeododo road and Rehabilitation of the alternative route to Admiralty Circle Toll Plaza. “We equally thank the investing community for their sustained support of Lagos State and our efforts to improve the social and economic welfare of all residents in Lagos. We do not take for granted your enthusiastic response to our Bond offer.

The roads are Aderemi Akeju Street with deck-on-pile bridge, Okun Street, Femi Kufo Street, Brown Street, Adegbenro Street, Ganiyat Dawodu Street, Yetunde Brown Street, Anipole Street and Sosanya Street.

 

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