Lagos State Government of Nigeria the ₦14.82bn 5-Year 16.00% Series 3 Fixed Rate Green Bond
Issue Details
Series
3
3
Issue Amount (N'bn)
14.82
14.82
Tenor (Years)
5
5
Coupon
16.00
16.00
Issue Date
Nov. 20, 2025
Nov. 20, 2025
Maturity Date
Nov. 20, 2030
Nov. 20, 2030
Status
Listed
Listed
Issuer
Programme
Offer Documents
Issuer Ratings
Issue Price
Redemption
Coupon Frequency
At par. N 1,000.00 (One Thousand Naira)
Prior to the Maturity Date of the Series 3 Green Bonds, the Joint Trustees shall instruct the Registrar to pay to each Bondholder on the Maturity Date, the amount payable to him in respect of the redemption of the Series 3 Green Bonds together with all interest accrued and yet unpaid thereon. If on the Maturity Date, any Series 3 Bondholder shall fail, refuse or be unable to accept payment of the redemption moneys payable in respect thereof, the Joint Trustees shall hold such moneys in trust for such Bondholder and interest on such Green Bonds shall cease to accrue as from the Maturity Date and the Issuer shall thereby be discharged from all obligations in connection with such Green Bonds. The Joint Trustees shall not be responsible for the safe custody of such moneys or interest thereon except such interest (if any) as the said money may earn whilst on deposit or invested as aforesaid less any expenses incurred by the Joint Trustees.
Semi-annual interest payments, payable in arrears in the 6th and 12th month from the Issue Date up to and including the Maturity Date
Issue Price
At par. N 1,000.00 (One Thousand Naira)
Joint Issuing Houses
Prior to the Maturity Date of the Series 3 Green Bonds, the Joint Trustees shall instruct the Registrar to pay to each Bondholder on the Maturity Date, the amount payable to him in respect of the redemption of the Series 3 Green Bonds together with all interest accrued and yet unpaid thereon. If on the Maturity Date, any Series 3 Bondholder shall fail, refuse or be unable to accept payment of the redemption moneys payable in respect thereof, the Joint Trustees shall hold such moneys in trust for such Bondholder and interest on such Green Bonds shall cease to accrue as from the Maturity Date and the Issuer shall thereby be discharged from all obligations in connection with such Green Bonds. The Joint Trustees shall not be responsible for the safe custody of such moneys or interest thereon except such interest (if any) as the said money may earn whilst on deposit or invested as aforesaid less any expenses incurred by the Joint Trustees.
Redemption
Semi-annual interest payments, payable in arrears in the 6th and 12th month from the Issue Date up to and including the Maturity Date
Offer Document(s)
No data was found
