Nigeria sells $2.5 billion eurobonds to replace naira debt
Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes to refinance higher-yielding naira debt. Africa’s biggest economy on Thursday issued $1.25 billion of 12-year securities with a yield of 7.14 percent and a separate 20-year tranche, also $1.25 billion, at 7.7 percent, the finance ministry said…
Nigeria floats $2.5 billion dual Eurobonds
The Federal Government has floated 2.5 billion dollars aggregate Eurobonds under its Global Medium Term Note Programme.
DMO lists FG pioneer diaspora bond, Eurobonds on FMDQ platform
The Federal Republic of Nigeria through the Debt Management Office (DMO) has pioneered the inaugural listing of Diaspora Bond on the FMDQ OTC Securities Exchange platform. FMDQ in a statement in Lagos said that the listing was the first in the Nigerian debt capital markets (DCM). The statement said the 1.5 billion dollars Federal Government…