SEC LAUNCHES GREEN BONDS ISSUANCE RULES

December 12th, 2018

The Securities and Exchange Commission (SEC) on Mon­day 3rd December officially launched the Green Bonds Is­suance Rules to support the de­velopment of a Non-Sovereign Green Bond market in Nigeria. Green bonds were created to fund projects that have positive environmental and/or climate benefits.

Majority of the green bonds is­sued are green “use of proceeds” or asset-linked bonds. Proceeds from these bonds are earmarked for green projects but are backed by the issuer’s entire balance sheet.

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