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The Bank of Industry launched its inaugural Series 1 Fixed Rate Bond, seeking to raise up to N250bn from institutional investorsThe five-year bond carries a yield of between 17.35% and 17.50% and has received AAA ratings from two credit agenciesProceeds from the BOI bond will fund businesses in agriculture, healthcare, renewable energy, oil and gas, and six other sectors
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Bank of Industry (BOI), operating through BOI Financing SPV Plc, has opened subscriptions for its debut Series 1 Fixed Rate Bond, targeting up to N250 billion to channel long-term funding into key sectors of the Nigerian economy.
The offer opened on August 5 and runs until August 11, 2026.
Investors can subscribe to BOI’s N250bn bond with a minimum investment of N5m. Photo: BloombergSource: Getty Images
What is BOI’s
