GenCos debt: FG to issue fresh ₦729bn bond next week

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As part of plans to complete the first phase of the ₦4 trillion Presidential Power Sector Debt Reduction Programme, the Federal Government will next week issue a second bond valued at ₦729 billion for the settlement of verified legacy debts owed to electricity generation companies (GenCos).

The proposed issuance will complete the first phase of the Presidential Power Sector Debt Reduction…

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