BOI hails Tinubu as N250bn bond oversubscribes in five days
The Bank of Industry’s N250bn bond was oversubscribed in five days, with BOI crediting President Tinubu’s leadership for the success. Learn more about the Read More: https://punchng.com/boi-hails-tinubu-as-n250bn-bond-oversubscribes-in-five-days/
The Bank of Industry (BOI) has praised President Bola Tinubu for his role in the rapid oversubscription of its N250bn Series 1 Fixed Rate Bond within just five working days. BOI CEO Olasupo Olusi attributed the strong investor response to the President's executive support and incentives, which he described as a vote of confidence in both the bank and Nigeria's domestic capital market.
The bond was issued under the $1bn Multi-Currency Instruments Programme and helped demonstrate Nigeria's capacity to mobilise long-term capital for productive investment. The additional N100bn fund approved by the President will be used to help blend the bond's pricing and alleviate the impact of high interest rates for BOI customers, supporting industrial expansion, job creation, and economic competitiveness.
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