Regulatory Alerts2019-03-08
Public Notice on the Visionscape Bond Default and Regulatory Scope
The Commission clarifies that the recent Visionscape Bond repayment default involves a privately placed instrument exempt from its prior review and approval. Issued by Municipality Waste Management Contractors Limited under a N50 billion Medium Term Note Programme, the bond was offered exclusively to qualified investors and lacks Green Bond certification. This public notice confirms the regulator’s commitment to investor protection and market transparency while delineating its limited jurisdiction over private placements.
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