Lagos State’s Series IV N125 Billion Bond Opens for Subscription

Lagos State Government has declared open it’s series IV N125 Billion bond under the state’s N500 Billion Bond Issuance Programme.

The subscription is scheduled to close at 2.00 pm on Wednesday, December 1, 2021, stated Coronation Merchant Bank Limited in an email forwarded to investors.

The email reads, “Coronation Merchant Bank Limited is pleased to announce that the Lagos State Government Series IV Bond of up to N125 Billion under the State’s N500 Billion Bond Issuance Programme is now open for subscription. The offer is scheduled to close at 2.00pm on Wednesday, December 1, 2021.”

Please see indicative terms of the offer below:

1. Series IV Bond Pricing Supplement
2. Series IV Trust Deed
3. The Series IV Bond Rating Report by Agusto & Co and Global Credit Rating Co.
4. The Issuer’s Rating Report by Agusto and GCR
5. The Issuer’s PENCOM Clearance Letter
6. Commitment Form
7. Eligible Individual Investor (EII) Form

For further enquiries, kindly reach out to any of the contacts below: