Lagos Secures AA-(NG) Rating on Landmark ₦230bn Bond Issue
Global Credit Rating (GCR) has assigned an AA-(NG) national scale long-term rating, with a stable outlook, to Lagos State Government’s ₦230 billion Series 4 Senior Unsecured Fixed Rate Bonds, marking a significant milestone in the state’s ₦1 trillion debt issuance programme. The bonds, priced at 16.25% and maturing in November 2035, are direct, unconditional, and […]