Approved 300m disapora bond rolls out march kemi adeosun

It appears you're referring to a news article or statement made by Kemi Adeosun, the former Minister of Finance in Nigeria, regarding the approval of a $300 million diaspora bond and its rollout in March.

For the benefit of those who may not be familiar, a diaspora bond is a type of bond issued by a government to raise funds from its diaspora community, which is typically defined as individuals who have left their country of origin but still maintain strong ties to it.

According to reports, the $300 million diaspora bond was approved by the Nigerian government in 2017, with the aim of raising funds to finance infrastructure development projects in the country. The bond was reportedly issued at a yield of 7.875% and was oversubscribed, with investors showing significant interest in the bond.

The rollout of the bond in March 2017 was seen as a significant milestone for Nigeria, as it marked the country's debut in the international bond market. The bond was issued through the Nigerian Ministry of Finance, with the help of international financial institutions and investment banks.

Kemi Adeosun, who was the Minister of Finance at the time, was instrumental in driving the diaspora bond initiative forward. She had previously stated that the bond was part of the government's efforts to diversify its funding sources and reduce its reliance on foreign aid and loans.

The success of the diaspora bond has been seen as a positive development for Nigeria, as it has helped to demonstrate the country's ability to access international capital markets and finance its development projects.