Lagos raises ₦85 billion developmental projects bond issue
Lagos state on Monday raised ₦85.14 billion ($271 million) in 7- and 10-year bonds to fund infrastructure and environmental projects, its commissioner for finance said on Monday. The bond consists of ₦46.37 billion 7-year debt at a 16.75 percent rate and ₦38.77 billion via a 10-year paper with 17.25 percent interest, Akinyemi Ashade said in […]
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