Lagos State N167.5 bond restructuring

Overview:

• Lagos State government has successfully restructured two bond issues with a combined value of N167.5 billion. 
• The bonds included an N80 billion 14.5% bond due 2019, and an N87.5 billion 13.5% bond due 2020. 
• The restructuring will allow the government to save several billion Naira. 

John Crabb - Journalist