A statement from the Debt Management Office on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”
The DMO noted: “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.
Retail investors were not left out, as the number of individuals who subscribed for the second Sovereign Green Bond more than doubled.
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