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Agusto & Co. assigns a Aa- to Lagos State Government’s ₦97.3 billion Series II Tranches I-IV Bond

Agusto & Co. assigns a Aa- to Lagos State Government’s ₦97.3 billion Series II Tranches I-IV Bond:

₦46.3 billion 7-Year 16.75% due 2024 (Series II Tranche I) Due  December 2024

₦38.7 billion 10-Year 17.25% due 2027 (Series II Tranche II) Due December 2027

₦6.91 billion 6 7/12-Year 15.60% Due 2024 (Series II Tranche III)  Due  December 2024

₦5.34 billion 9 7/12-Year 15.85% Due 2027 (Series II Tranche IV) Due December 2027

This rating expires 30 September 2019.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.