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FG Launches N590bn Bond Issuance to Begin Clearing N4tn Power Sector Debt
The Federal Government has started the repayment process for the N4 trillion owed to Power Generation Companies through a N590 billion inaugural bond offering.
Backed by Federal Government guarantee, this first tranche is part of a comprehensive N4 trillion NBET Finance Company Plc Bond Programme. The package includes N300 billion in cash bonds for public subscription and N290 billion in non-cash bonds to be distributed directly to GenCos on matching terms.
The Federal Government has started the repayment process for the N4 trillion owed to Power Generation Companies through a N590 billion inaugural bond offering.
Backed by Federal Government guarantee, this first tranche is part of a comprehensive N4 trillion NBET Finance Company Plc Bond Programme. The package includes N300 billion in cash bonds for public subscription and N290 billion in non-cash bonds to be distributed directly to GenCos on matching terms.
FG Launches N590bn Bond Issuance to Begin Clearing N4tn Power Sector Debt
The Federal Government has started the repayment process for the N4 trillion owed to Power Generation Companies through a N590 billion inaugural bond offering.
Backed by Federal Government guarantee, this first tranche is part of a comprehensive N4 trillion NBET Finance Company Plc Bond Programme. The package includes N300 billion in cash bonds for public subscription and N290 billion in non-cash bonds to be distributed directly to GenCos on matching terms.
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