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Bright Eugene VII @BryteDude
, 9 tweets, 2 min read Read on Twitter
From the little knowledge I have gathered about the Euro Bond Road Show in London that was oversubscribed, this is actually Nigeria's 3rd Euro Bond issue that's getting oversubscribed. The first was in 2016, and the second in 2017...
The oversubscription clearly indicates huge investor confidence in Nigeria's economy. This is contrary to what some mischievous individuals tried to put forward following the exit of HSBC.
It might also interest Nigerians to know that Nigeria is the first country in Africa, and the fourth country world after Fiji, France & Poland to issue Green Bonds valued at N10.69Billion...
What are Green Bonds? Green Bonds are simply Climate Bonds whose funds are dedicated to projects around environmental degradation, afforestation, combating desertification, solar power projects and rural electrification.
The Euro & Green Bonds provides ready access to funds for the Federal Government to execute vital projects that spur the economy.
At the completion of a milestone, papers are presented to the investors to provide the next tranche of funds. Such bonds are repaid over years at single digit interest rates.
Who Green Bonds epp, some of you might ask. Well, with crude prices no longer shooting for the stars as in the past few years, we need alternatives in revenue generation. So yeah, e epp you and me. Na why we no go fit be like Venezuela.
To round up, if you truly need proof about the increased investor-confidence in Nigeria, have a look at the attached picture, then thank President @MBuhari and V.P. @ProfOsinbajo from being different from what we had as leaders in the past years.
Brace yourselves: INVESTORS ARE COMING!

18.11.18 : There would be receipts
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