Tinubu support boosts BOI N250bn bond oversubscription
President Tinubu’s leadership led to the oversubscription of BOI’s N250bn Series 1 Fixed Rate Bond, demonstrating investor confidence in Nigeria’s capital Read More: https://punchng.com/tinubu-support-boosts-boi-n250bn-bond-oversubscription/
The Bank of Industry (BOI) has credited President Bola Tinubu's leadership and executive support for the oversubscription of its N250bn Series 1 Fixed Rate Bond within five working days. The strong investor response has been hailed as a vote of confidence in both BOI and Nigeria's domestic capital market. BOI CEO Olasupo Olusi revealed that the strong investor demand was made possible due to incentives approved by President Tinubu, which served as a positive signal to discerning investors.
The N100bn additional fund approved by the President will be used to blend the bond's pricing and cushion the impact of high interest rates for manufacturers and other BOI customers.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
