FG Issues N729bn Power Sector Bond to Clear GenCos’ Debts
The Federal Government has issued a fresh N728.98 billion bond to settle verified legacy debts owed to 11 electricity generation companies (GenCos). The Series 2 bond is part of the government’s N4 trillion Power Sector Multi-Instrument Issuance Programme. It comprises N402 billion in cash bonds raised from the domestic capital market and N326.98 billion in non-cash bonds allocated to participating GenCos. Minister of Finance and Coordinating Minister of the Economy, […]
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