FMDQ admits NSP-SPV PowerCorp Plc US$121m green bond issuance

NIGERIA – FMDQ Securities Exchange Ltd has added another green bond to Nigeria energy market with the listing of the NSP-SPV PowerCorp PLC Series 2 Green Bond. This bond is listed under FMDQ Securities Exchange Limited’s US$121.6 million (N50 billion) Bond Issuance Programme. The proceeds from this issuance will be used to fund the development of a 15MW Pre-Phase 1 Solar Project and the transmission and evacuation infrastructure for NSP PowerCorp PLD’s Solar project. “This landmark transaction reinforces our belief and commitment in promoting clean energy generation in Nigeria. It…

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