FG raises N728.9bn in second bond issuance for power sector debt

By Ediri Ejoh with Agency report The Federal Government (FG) has raised N728.9 billion in bonds as part of its funding process to offset the N4 trillion legacy debt it owed electricity Generation Companies, GENCOs. Speaking at the bond launch in Abuja, TaiwoOyedele, Minister of Finance and Coordinating Minister of the Economy, said the Series-2 […] The post FG raises N728.9bn in second bond issuance for power sector debt appeared first on Vanguard News.