• Lagos completes N167.5bn bond series’ restructuring

    Lagos completes N167.5bn bond series’ restructuring

    The Lagos State Government on Wednesday said it had successfully completed the restructuring of its N167.5 billion Programme II, Series 1 and 2 Bonds.

    In a statement by Akinkunmi Mustapha, the Commissioner for Finance, the government said the restructuring, which was approved by the Securities and Exchange Commission (SEC) last week, was achieved through the finalization of a process through which the state worked to reach an agreement with its bond creditors, on accelerating repayment terms.

    Mr. Mustapha said the transaction, which […]