Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

The Lagos State Government has announced the closure of the N85,140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State. Commissioner for Finance, Mr. Akinyemi Ashade in a statement, said the Bond was issued in two tranches of N46,370,000,000 16.75% Tranche 1 maturing August 2024 and the N38,770,000,000 17.25% Tranche 2 maturing August 2027, under the N500bn Third Debt Issuance Programme.