A statement by the Debt Management Office (DMO), the Eurobond said it was issued in July 2013 as part of a dual-tranche one billion dollars Eurobond for a tenor of 10 years at a coupon of 6.375 per cent per annum.
The DMO said that redemption of the Eurobond was a demonstration of the country’s commitment to meeting its debt service obligations.
It said that Nigeria had previously redeemed a 500 million dollars Eurobond in July 2018, another 500 million dollars Eurobond in January 2021, and a 300 million dollars Diaspora Bond in June 2022.
