FG, Austria plan Vienna-listed bond to fund investors in Nigeria
The Federal Government is working with Austrian authorities and the Vienna Stock Exchange to establish a bond vehicle to raise capital for foreign companies investing in projects in Nigeria.
Bagudu said the vehicle, known as the Esme Bond, was developed after about 18 months of engagement involving Nigerian and Austrian officials, the Vienna Stock Exchange and fund managers.“The idea is that this vehicle will float bonds on the Vienna Stock Exchange in order to fund Austrian companies or other businesses in green technology, waste to energy, textiles, pharmaceutical, as well as agricultural companies,” Bagudu said.
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