The Debt Management Office has announced the successful conclusion of Nigeria’s third Sovereign Green Bond Offer, which attracted total subscriptions of N91.42bn, significantly exceeding the initial offer size of N50bn.
The offer closed June 18, 2025, and achieved a subscription rate of 183%, underscoring robust investor confidence in Nigeria’s green finance agenda.
The oversubscription highlights growing market interest in sustainable and climate-aligned investments, as well as continued trust in Federal Government of Nigeria (FGN) securities.
The Offer, which closed on Wednesday, June 18, 2025, was for N50bn and represents the third Green Bond Issuance by the Debt Management Office (DMO) on behalf of the FGN.
The Issuance attracted strong investor interest, with total subscriptions reaching N91.42bn, representing a subscription rate of 183%.
This impressive demand reflects investor confidence in Nigeria’s growing Green Bond Market and its commitment to sustainable finance and development, as well as climate action.
Investors were allotted a total of N47.355bn at a coupon of 18.95% per annum. Proceeds from the Issuance will be used to finance projects in the 2024 Appropriation Act that support Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement and its broader climate commitments, including the target to achieve net-zero emissions by 2060.
“The strong investor interest in this Green Bond demonstrates growing confidence in Nigeria’s commitment to sustainable financing,” said Ms. Patience Oniha, Director General of the DMO. “Green Bonds are becoming an increasingly important instrument for mobilising capital towards our climate objectives and sustainable development agenda.”
The Green Bond represents another effort by the DMO to strengthen the domestic capital market.