As Green Bond issuance set to gain traction in the country, the Nigerian Stock Exchange (NSE) is proposing a set of rules that will guide the listing of those bonds on the exchange. Green bonds are special bonds issued to finance or re-finance in part or in full new and existing eligible environmental or climate projects. The federal government kicked off the issuance of green bonds by raising N10.69 billion last December and this was expected to be followed by more issuances by the government and other corporates. And to facilitate the subsequent listing of those bonds, the NSE has exposed rules to market participants for their contributions. The rules are titled: “Rules for listing of green bonds on Nigerian Stock Exchange.” The NSE proposed that the green bonds shall comply with the core components of the Green Bond Principles (GBP), while the issuer shall demonstrate transparency. Read More:
Category: Daily Market Report
