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FG raises N501bn from bond market to settle GenCos’ debt - Source News

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FG raises N501bn from bond market to settle GenCos’ debt

Vanguard•about 1 month ago•centre•Credibility: 80/100

•14 GenCos sign deal By Obas Esiedesa, Abuja The Federal Government has raised N501.02 billion from the bond market to begin settling outstanding debts owed to power generation companies (GenCos), as part of efforts to reduce over N6 trillion liabilities in the electricity sector. The funds were mobilised through the issuance of two bond tranches: a […] The post FG raises N501bn from bond market to settle GenCos’ debt appeared first on Vanguard News.

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FG raises N501bn from bond market to settle GenCos’ debt

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