Nigeria’s federal government’s third Sovereign Green Bond recorded an oversubscription of N91.42 billion, which is above the N50 billion offer size.
The Debt Management Office (DMO) disclosed this in a statement on Thursday in Abuja, noting that the Green Bond offer closed on Wednesday, June 18, 2025.
It stated that this latest issuance marks the third green bond by the Federal Government and continues a trend of strong market interest in Nigeria’s climate-focused investment products.
Further analysis showed that the bond attracted a subscription rate of 183 percent, which confirmed that green instruments are gaining ground among domestic institutional investors, asset managers, and pension funds.
Accordingly, DMO noted that a total of N47.355 billion was allotted to successful investors at a coupon rate of 18.95 percent per annum, adding that proceeds will be applied to financing eligible green projects captured in the 2024 Appropriation Act.
Reacting, the Director General of DMO, Patience Oniha, said the investors’ interest in green bonds showed growing confidence in the country’s commitment to sustainable financing.
“The strong investor interest in this green bond demonstrates growing confidence in Nigeria’s commitment to sustainable financing.
“Green bonds are becoming an increasingly important instrument for mobilising capital towards our climate objectives and sustainable development agenda.”
