Nigerian govt repays $500bn Eurobond in July, $1.8bn in last five years

The Debt Management Office (DMO) has disclosed the Federal Government has redeemed a $500 million Eurobond on its due date.

According to a statement by the debt office, the due date to redeem the Eurobond, which was issued in July 2013, was on July 12, 2023.

Redemption of a bond is the complete repayment of a total debt, which is the principal amount, the amount invested or loaned, and any interest owed to the due date.

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