OVERVIEW
NGX Impact Board is a dedicated and specialized market for listing and trading sustainable finance instruments (Environmental, Social, and Governance – ESG compliant instruments) to;
· Create visibility and provide a channel for prospective issuers to access capital.
· Support the Federal Government of Nigeria to raise capital to meet its updated Nationally Determined Contributions on Climate Change etc.
· Attracts FPIs and multilateral financing for applicable sustainable finance projects to achieve the SDGs and Paris climate targets.
Objectives
- Creation of a specialized market for listing and trading of sustainable finance products
- Existing and new sustainable instruments will be listed on this market
- Instruments on this market will facilitate creation of indices to track sustainable finance and investing in Nigeria.
- Attracts FPIs and multilateral financing for applicable sustainable finance projects to achieve the SDGs and Paris climate targets.
Sustainable Finance Instruments
Sustainable finance instruments that may be listed on the NGX Impact Board include Green Bonds, Social Bonds, Sustainability Bonds, and any other subsets of these bonds including Blue Bonds, Gender Bonds, Climate Bonds, and any other bond used to finance or refinance sustainable development.
- Issued to raise finance or refinance either in part or in full and is exclusively applied in support of new or existing projects that have positive climate or environmental impact.
Climate Bonds: To finance projects around environmental degradation (flood and erosion), disaster-ready infrastructure, climate change, etc.
Blue Bonds: To finance projects around the flood, water pollution, CSRs for the oil and gas industry, maritime activities, Fisheries, marine renewable energy, solid waste management, and circular economy
- Issued to finance or refinance new and/or existing eligible projects with clear and identifiable social objective(s) and which are dedicated to a target population.
Gender Bonds to finance or refinance projects to finance projects on women’s empowerment, gender equality, etc.
- Issued to raise finance that is exclusively applied to projects that meet the criteria of both social and green bonds
Key Benefits
Below are some of the benefits of listing on the NGX Sustainable Instruments Market (Impact Board)
- Visibility for listed sustainable finance instruments.
- Access a deep pool of sustainable capital.
- Attraction to local and foreign impact investors.
- Value Added Services – Support in the development of the framework for either Green Bond or Social Bond or Climate Bond issuance etc.
- Academy services – Provision of specialized training through NGX X-Academy for issuers, asset managers, and other key stakeholders
Listed Sustainable Finance Instruments
| Symbol Name | Issuer | Issuer Type | Currency | Bond Label | Maturity Date |
|---|---|---|---|---|---|
| 15.60% NSPGB FEB 2034 | NSP-SPV POWERCORP PLC | Corporate Bonds/Debentures | NGN | Green Bond | 27-02-2034 |
| 14.5% FGN JUN 2026 | FEDERAL GOVERNMENT OF NIGERIA | Federal | NGN | Green Bond | 13-06-2026 |
| 12.00% NSPGB APR 2031 | NSP-SPV POWERCORP PLC | Corporate Bonds/Debentures | NGN | Green Bond | 15-04-2031 |