WIRE — Following the mounting debt owed to electricity generation companies (GenCos), estimated at N4 trillion, the federal government on Tuesday issued an additional N729 billion bond. Together with the N501 billion bond issued in January, the two instruments constitute the N1.23 trillion Series 1 and Series 2 components of the Capital Market Multi-Instrument Issuance Programme. In... This article FG issues N1.23trn bond to defray GenCos N4trn debt was originally created by Converseer.
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