FCMB Capital Markets supports BOI’s ₦274.19bn Development Bond
BOI issued a ₦274.19 billion Series 1 Development Bond on September 18, 2026, with FCMB Capital Markets as Joint Issuing House and Bookrunner. The five-year, 17.60% fixed-rate bond, maturing in 2031, was initially sized at ₦250 billion but increased via green shoe option after strong institutional investor demand.
The bond, issued through BOI Financing SPV Plc under the Bank’s US$1 billion Multi-Currency Programme, attracted pension fund administrators, banks, development finance institutions, corporates and other institutional investors. FCMB Capital Markets advised on distribution strategy, book-building and investor engagement.
Managing Director Ikechukwu Omeruah said the transaction highlights Nigeria’s domestic debt market capacity to mobilise large-scale development funding, strengthening BOI’s ability to finance businesses across priority sectors for productive capacity, job creation, local value addition and economic diversification.
With the bond oversubscribed, what does this growing institutional confidence in Nigerian debt instruments mean for your investment outlook or business financing options?