The World Bank’s International Finance Corporation (IFC) has subscribed to $50m of notes in the inaugural bond issuances by Nigerian gas developer Seven Energy International. Seven Energy is Nigeria’s first unlisted oil and gas company to tap the international capital markets, and the company’s bond issuances raised a total of $400m. Part of the proceeds will fund the construction of the Oron‐Calabar pipeline which will provide much needed gas for power projects in the city of Calabar in southeastern Nigeria, the IFC said.