The Lagos State Government yesterday friday announced the closing of its N47billion 16.5 percent ,Two thousand and twenty three series 1 Bond Issuance under the N500billion Third Debt Issuance Programme targeted at improving the physical and social infrastructure base of the state.At the signing ceremony held at the Lagos House,Ikeja,the State Government issued N47billion Series I Bond maturing in December Twenty Twenty Three,under its N500billion Third Debt Issurance Programme The Book Keeping was concluded on friday December Twenty Thrid this year with the first issuance priced at 16.5 percent.State Governor,Mr Akinwunmi Ambode in his remarks at the signing ceremony,said that despite the continued challenges in the economy and difficult market conditions which have seen the last three Federal Government Bond auctions undersubscribed by an average Thirty two percent,Lagos sold some 80 percent of the bonds it offered at a 57bps spr...
