Lagos Announces 55% Oversubscription Of ₦200bn Bond

Lagos State has announced the conclusion of the bookbuild for its landmark ₦200 billion bond issuance, with a 55 per cent oversubscription. 

A statement by the Commissioner for Finance, Yomi Oluyomi, noted that the offer has recorded an overwhelming reception from the investment community.

Oluyomi said the ₦14.8 billion Green Bond was also significantly oversubscribed.

The conventional…