Nigeria’s $2.2bn Eurobond Oversubscribed By $9bn, Says DMO

The Federal Government has successfully raised $2.2bn in Eurobonds maturing in 2031 (6.5-year) and 2034 (10- year) in the international capital markets, with $700m and $1.5bn raised in the 2031 and 2034 maturities, respectively.

According to a statement made available to THE WHISTLER, the Notes were priced at a Coupon and Re-offer Yield of 9.625 per cent and 10.375 per cent, respectively.

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