Category: Capital Market

Lagos closes N85.14bn bond issuance

Lagos State Government has announced the closure of the N85.14 billion Series 2 Bond Issuance, targeted at physical and social infrastructure development. The Commissioner for Finance, Mr Akinyemi Ashade, said in a statement in Lagos that the bond was issued in two tranches. Ashade said tranche 1 would be N46.37 billion at 16.75 per cent,…