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.
