NSE and LuxSE signal MoU on Inexperienced Bonds

Sitting: NSE CEO, Oscar Onyema (proper) and LuxSE CEO, Robert Scharfe.

The Nigerian Inventory Alternate (NSE) and the Luxembourg Inventory Alternate (LuxSE) have signed a Memorandum of Understanding to cooperate in selling cross itemizing and buying and selling of inexperienced bonds in Nigeria and Luxembourg.

Current on the signing ceremony was the NSE CEO, Oscar Onyema and LuxSE CEO, Robert Scharfe, which occurred throughout the annual assembly of the World Federation of Exchanges in Singapore on Wednesday, 9 October.  

The MoU additional establishes an settlement for the 2 exchanges to collaborate with a view to sharing finest practises and organising joint initiatives of their respective markets.

In accordance with the NSE CEO, “This collaboration reinforces NSE’s drive to foster the expansion of sustainable finance in Nigeria, a journey that commenced with the launch of the primary Sovereign Inexperienced Bond by NSE, in partnership with the Federal Ministry of Atmosphere, Federal Ministry of Finance and the Debt Administration Workplace. With the MoU, issuers will take pleasure in the good thing about elevated visibility by means of the cross itemizing of their securities in Nigeria and Luxembourg. The partnership will additional facilitate the expansion of the Inexperienced Finance trade in Nigeria and finally deepen the Nigerian capital market by means of the mobilisation of the international inexperienced capital wanted to fund sustainable tasks in Nigeria.”

Robert Scharfe, CEO of LuxSE stated, “Sustainable finance is changing into a really world motion. By becoming a member of forces with different exchanges to advertise and facilitate inexperienced finance, we try to speed up the sustainable finance agenda and improve consciousness of an curiosity in funding tasks that help the sustainable improvement that our world wants. We’re happy to cooperate with the Nigerian Inventory Alternate to additional strengthen sustainable finance in and between our markets.”

The Nigerian Inexperienced bond market obtained worldwide recognition following the issuance and itemizing on the NSE of the ₦10.69bn Federal Authorities sovereign inexperienced bond in December 2017.

This issuance sparked vital curiosity from the worldwide and native capital market communities because it opened new funding alternatives, particularly for home buyers.

That is to extend their publicity to monetary devices that generate social and environmental impression.

The Luxembourg Inventory Alternate operates the Luxembourg Inexperienced Alternate (LGX), a platform solely devoted to sustainable finance devices.

LGX now holds a 50% world market share of listed inexperienced, social and sustainability bonds.

LuxSE works carefully with chosen inventory exchanges all over the world to help the expansion of sustainable finance.


Sammie Idika